Very happy to see mudland like this. We can expect 3.5 by year end.
RM5.50 to US$1 possible by year-end, says Ku Li
FMT Reporters
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May 27, 2022 6:11 PM
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Tengku Razaleigh Hamzah warns of possible demonstrations, especially involving those in the lower-income bracket, if the currency crisis is not resolved.
PETALING JAYA: The government must pay urgent attention to the country’s depreciating currency at the risk of it falling to RM5.50 against the US dollar by the end of this year, former finance minister Tengku Razaleigh Hamzah said today.
In a Berita Harian report, the Gua Musang MP said that the ringgit’s depreciation would have a huge impact on the people as they would struggle to purchase
Referring to the ringgit having fallen to RM4.40 against the US dollar two days ago, he said the situation was sure to worsen.
“If the ringgit falls we won’t be able to buy anything, it won’t have any value. For example, if one ringgit is eventually worth only five sen, what can we buy? This is a real problem.”