No Peg For Ringgit + Fuel Price Decision - AsRaFF RuSLaN

No Peg For Ringgit + Fuel Price Decision

Reported that Finance Minister Datuk Seri Najib Razak said the ringgit will not be re-pegged, citing the government’s commitment to let market forces determine the currency's level.

Najib, who is also the Deputy Prime Minister, said the Cabinet will on Wednesday decide on the price of fuel at the pump.

I hope that government will reduce the price after the global crude oil dipped below US$100 (RM349) per barrel compared with the high of US$147 in July. It will be a great news if it is happened before Hari Raya's festival.
Tag : Economy
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