Winners and losers as the Ringgit falls

By Lim Kim-Hwa, Tim Niklas Schoepp

September 2015 UTTER ECONOMICS
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The slide of the Ringgit affects Malaysian households and businesses differently. The implications are complicated, no doubt, but there are winners and losers nonetheless.China’s Yuan devaluation prompted a global sell-off in emerging markets’ currencies.China’s Yuan devaluation prompted a global sell-off in emerging markets’ currencies – a domino effect that saw the Malaysian Ringgit drop to its lowest level since 1998 at 4.2490 against the US$ on August 27. This was accompanied by Bank Negara's foreign currency reserves, which fell to...

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Lim Kim-Hwa

is Chief Executive Officer of Penang Institute

Tim Niklas Schoepp

is a visiting analyst in Economics at Penang Institute.

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