RM meltdown - Preparing for the worst

RM meltdown - Preparing for the worst

14 days ago

While the Malaysian Finance Minister is busy recording TikToks to convince the public that the country’s economy is on solid footing, Ringgit Malaysia (RM) continues to descend by breaking all technical levels to watch, invariably, putting Malaysia's foreign debts in foreign denominations in a very precarious situation. In addition, given that Malaysia has very high net food imports, the food costs for the many in Malaysia are expected to rise and run amok. Malaysia’s unbridled politicking is not helping the ringgit situation either, on the contrary, opening it, fundamentally, to the levels never seen in Malaysia’s history for more than 24 years.

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