Is the mega hit for Bob Marley. Well the Ringgit Malaysia, has hit rock bottom against the US Dollar.
Is this love? Or tough love for the Malaysian currency. Bloomberg has the story . Read below:
Malaysia’s ringgit touched the lowest level since the Asian financial crisis as investors continue to sell down emerging-market assets and after a crackdown on currency speculators last month exacerbated outflows.
The ringgit declined as much as 0.1 percent to 4.4805 per dollar, a level unseen since January 1998, according to prices from local banks compiled by Bloomberg, before paring losses to trade little changed at 4.48 at 9:52 a.m. in Kuala Lumpur.
