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The ringgit has been unfortunate, unfairly valued against the US dollar

Ongoing uncertainties over China’s economic growth prospects and the recent geopolitical crisis have increased demand for US dollars as a safe haven, said Bank Negara Malaysia deputy governor Adnan Zaylani Mohamad Zahid.

“There has been a lot of talk about the performance of the ringgit against the US dollar. Unfortunately, many see and use this as an indicator or barometer of our progress.

“It’s an unfair assessment…