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Najib crisis savages the ringgit

The already-embattled currency falls to 16-year low against the US dollar

Published Mon, Jul 6, 2015 · 09:50 PM

Kuala Lumpur

MALAYSIAN Prime Minister Najib Razak has been officiating functions as per normal, even as he grapples with the toughest political crisis of his life.

In the financial markets, it is anything but business as usual. Financial markets reflected the turmoil on Monday, with the ringgit hitting a 16-year low of 3.809 to the US dollar.