Monday, May 23, 2022

Ringgit Performance

The ringgit (RM) dropped to RM4.36 against the US dollar, the lowest level since May 2020. 

Possible impact to the country, according to this article:

i.   Higher inflation.

ii.  Slower economic recovery

iii. Subsidies might affect fiscal balance.









Source: The Edge









Source: The Edge

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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.

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