Sunday 27 November 2016

Ringgit Malaysia. Rupiah Indonesia. Cinta Nusantara

Is the 1990 folkish hit for singer Sheqal.
Well its "Cinta Nusantara" all rite, of a different kind for the Ringgit Malaysia, when it hit a 52 week low against the Indonesian Rupiah today.

For a brief moment, the Ringgit fell to 3035.16888 on the official exchange board, but on the Ringgit Offshore board, its gone way past that.

Now ONE Ringgit only fetches 3028.91 Rupiah, and we all will have Bank Negara Malaysia to thank for, by their INEPT handling of the Ringgit NDF trades