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• n  the basic unit of money in Malaysia; equal to 100 sen

• The offshore ringgit was used to short the domestic ringgit.
• Because it no longer has to pay a bank a fee to convert ringgit into dollars, transaction costs are reduced.
• Porters: At five-star hotels, one or two ringgit will suffice.

News & Articles

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• STOCKS NEWS MALAYSIA-MIDF raises AirAsia price target
  MIDF Research raised its target price on shares of AirAsia Bhd to 3.98 ringgit from 3.48 after the budget carrier said it may dissolve its Japan-based joint venture with All Nippon Airways Co (ANA). The ...
  June 12, 2013 - Reuters via Yahoo! Finance
• Ringgit Drops to 10-Month Low on Concern Fed to Ease Stimulus
  Malaysia’s ringgit fell to a 10- month low and government bonds declined on speculation the Federal Reserve will cut its monetary stimulus, slowing inflows into emerging-market assets.
  June 11, 2013 - Bloomberg
• Ringgit Weakens to 11-Week Low as Fed Seen Reining in Stimulus
  Malaysia’s ringgit fell to an 11- week low after U.S. jobs data boosted speculation the Federal Reserve will reduce stimulus that has increased the flow of funds to emerging markets. Government bonds fell.
  June 10, 2013 - Bloomberg

Quotes

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• Abdullah Ahmad Badawi in AFP
  It is five billion ringgit more, we need to look for more money,Abdullah told the agency.
• Najib Razak in International Herald Tribune
  I wish to categorically state that we have no intention to re-peg the ringgit, now or in the future,Deputy Prime Minister Najib Razak, who took over the finance ministry on Friday, told reporters.
• Anwar Ibrahim in Sydney Morning Herald
  Over 100 million ringgit ($A34.52 million) was spent by BN to win a thin majority in Hulu Selangor, that amounts to 65,000 ringgit per person,Anwar said in a statement on Monday.