Tuesday 20 December 2016

CIMB. Ringgit. Politics. Black or White

Is the 1991 hit for the king of pop Michael Jackson.

Song Seng Wun, an economist with CIMB Private Bank in Singapore tells Hong Kong's South China Morning Post about the black and white of the Ringgit.

Song says that the fair value of the Ringgit Is at between RM3.90 and RM4 against the US Dollar.

He adds that “political risks” were exacerbating the ringgit’s slump. So if the Ringgit is dire straits, blame the politicians.