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Title:Why Malaysia’s Currency Has Been Falling: Can The Ringgit Recover? | Insight | Full Episode
Duration:46:50
Viewed:355,562
Published:07-05-2024
Source:Youtube

In February this year, the Malaysian currency, the ringgit, suffered its steepest decline in 26 years. It briefly slipped past MYR 4.8 against the US dollar, its weakest since reaching an all-time low of 4.88 during the 1998 Asian Financial Crisis. This has caused a strain on the country’s key industries - from the airlines to manufacturing - due to higher fuel prices and cost of raw materials. It has shaken investor confidence and accelerated outward migration. Why has the ringgit lost so much of its value? Could the depreciating ringgit spell trouble for Prime Minister Anwar Ibrahim? As the government projects a recovery, is a turnaround in sight? 0:00 Introduction 1:13 Impact of falling ringgit 04:59 Why the ringgit has fallen 10:11 How a lower ringgit affects trade 15:23 Depreciation of ringgit compared to S'pore dollar 17:50 Fall of ringgit: brain drain? 25:48 Impact of low ringgit on overseas students 28:14 Advantages of a weak ringgit 34:37 Does the falling ringgit echo the 1998 Asian financial crisis? 39:38 Will the ringgit slide rattle PM Anwar's government? 42:14 Will the ringgit recover? =============== ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world. ========================== #CNAInsider #CNAInsight #Malaysia #Ringgit #Depreciation For more, SUBSCRIBE to CNA INSIDER! https://cna.asia/insideryoutubesub Follow CNA INSIDER on: Instagram: https://www.instagram.com/cnainsider/ Facebook: https://www.facebook.com/cnainsider/ Website: https://cna.asia/cnainsider



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