Malaysia’s Currency Woes: Why the Ringgit Fell to a 26-Year Low
Malaysia, the Southeast Asian nation known for its rich natural resources and diverse culture, has been facing a severe currency crisis in recent months. The ringgit, the Malaysian currency, has fallen to its lowest level since the Asian financial crisis in 1998, reaching almost 4.8 against the US dollar on February 20, 2024. The ringgit has been one of the …