Thursday 16 February 2017

Bank Negara Malaysia. 3.80. R.I.P

Is the 2012 smash hit by Britain's Rita Ora and rapper Tinie Tempah.

For those of us, who had gone through Bank Negara Malaysia's review of 2016's fourth quarter GDP, the most telling statement from the central banker was that the RINGGIT has stabilised.

What this means is, you can say R.I.P to RM3.80 to the dollar or even RM4 to the dollar. The new normal is RM4.40 to the US dollar.