You are here

Malaysia turns to 1998 currency peg architect as markets bleed

BT_20150828_SYPEG28_1847148.jpg
Mr Nor helped hatch a plan during the Asian financial crisis that led to the ringgit being pegged at 3.8 to the dollar in September 1998

Kuala Lumpur

PRIME MINISTER Najib Razak is taking a page out of the playbook of mentor- turned-nemesis, former premier Mahathir Mohamad. To stem a decline in confidence in Malaysia, he's even tapping the expertise of Dr Mahathir's ringgit peg architect.

As a plunge in global

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom