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COMMENT | Ringgit meltdown: Preparing for the worst

COMMENT | While Finance Minister Tengku Zafrul Abdul Aziz is busy recording TikToks to convince the public that the country’s economy is on solid footing, the ringgit continues to descend by breaking all technical levels to watch, invariably, putting Malaysia's foreign debts in foreign denominations in a very precarious situation.

Given that Malaysia has a very high net food import, the food costs for many in Malaysia are expected to rise further. Malaysia’s unbridled politicking is not helping the ringgit’s situation either.

On the contrary, it is opening our currency to levels never seen in Malaysia’s history for more than 24 years.

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