AS the ringgit trades with a 4 handle to the US dollar, its spectacular depreciation over the years, in particular since July 2015 is a classic case of ignoring the basics.
In 2015, there were too many views to suggest factors affecting the ringgit but in fact it was the trading arbitrage and lack of liquidity in the currency and local financial system that was and is the main driver for the ringgit’s depreciation.
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