The topic of the Malaysian Ringgit decreasing against the US Dollar has been a topic discussed on Latest Malaysia frequently. Lately, our currency has gotten to its lowest point against the US dollar and Singapore dollar. It seems that the market has faith in Anwar Ibrahim.
Anwar Ibrahim & Malaysian Ringgit
It is unclear on how the previous Minister of Finance handled the situation right before the election, but it appears that he did not do the best that he could. However, now with Anwar Ibrahim as PM, netizens are excited for the cost of imported goods to reduce.
A random netizen stated that they hope iPads will go down in price once the Ringgit stabilises. However, regardless of the situation, it is estimated that the world will be going through a tough recession next year, and we will all have to brace it together.
