Wednesday, 10 May 2017

Ringgit Malaysia. Love Don't Live Here Anymore

Is a minor hit for Madonna from the massive best seller Like A Virgin album.

For Ringgit Malaysia, it seems Love Don't Live Here Anymore, as the currency hovers at 4.35 against the US dollar and 3.08 against the Singapore Dollar.

Not even, the 1MDB bond issue settlement, has managed to bring the currency below RM4 against dollar and below RM3 against the Singapore Dollar.

This has become the new normal, and the fear is now, we may never in our life time see the Ringgit below RM4, against the US Dollar. This is a scary thought for the Malaysian economy and a good pointer as to where inflation is heading to.

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