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Zafrul: No need to peg ringgit to US dollar

2022-08-11 287 Dailymotion

The government has no plans to peg the ringgit to the US dollar as such a move is fraught with high risks and a large trade-off, said Finance Minister Tengku Zafrul Abdul Aziz.<br /><br />He said a peg would not be the best move for the economy as it would require Malaysia to follow the monetary policy of the country to which the ringgit is pegged.

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