KUALA LUMPUR: There is no deliberate devaluation of the Malaysian ringgit and its value is purely determined by market forces, says Finance Minister Lim Guan Eng ."We have left it to market forces to determine the value of the ringgit," he said when answering a supplementary question raised by Datuk Seri Dr Ronald Kiandee in Dewan Rakyat on Thursday .
"When a country is involved in such activities, then they may be labelled as manipulators," he added. While acknowledging the country was on the list, Lim said that Malaysia was not labelled as a currency manipulator. He said that Malaysia had chalked up a healthy current account surplus of 3% of its gross domestic product and a trade surplus of RM25.7bil with the United States between June 2018 and July this year.
After more than a year in office then he realizes. Too much politicking