"मलेशियाई रिंग्गित": अवतरणों में अंतर
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पंक्ति 53:
Following the end of the currency peg, the ringgit appreciated to as low as 3.16 to the U.S. dollar in April 2008. The ringgit had also enjoyed a period of appreciation against the Hong Kong dollar (HKD) (from 0.49 to 0.44 to the MYR[13]) and the renminbi (CNY) (0.46 to 0.45 to the MYR[14]) as recently as May 2008.
Fiscal mismanagement by the ruling federal government, political uncertainty following the country's 2008 general election and the 2008 Permatang Pauh by-election, falling oil prices, and the lack of intention by Bank Negara to increase already low interest rates (which remained at 3.5% since April 2006)[15] led to a slight fall of the ringgit's value against the US dollar between May and July of 2008, followed by a sharper drop between August and September of the same year. As a result, the US dollar appreciated significantly to close at 3.43 to the MYR as of September 4, 2008
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