Just over a week ago, Malaysia has held its 15th General Election. After polling results announced that Malaysia was in a hung parliament, the Malaysian Ringgit has further dropped and at one point, it was at RM4.75 to $1USD. According to Bank Negara Malaysia, the reference rate for the past 2 weeks of November was around RM4.70 to RM4.60.
When Dato Seri Anwar Ibrahim was appointed as the 10th prime minister of Malaysia, the currency has seen a big jump from RM4.57 to RM4.50. Following the news of him being elected, the Malaysian Ringgit is slowly on the rise with it hitting RM4.46 to $1 USD today (25 November).
This led Malaysians to equate the climb in our currency to the appointment of DSAI as the 10th prime minister
Following the news, many Malaysians are optimistic with DSAI as the 10th prime minister and here’s what some of them said:
“Congratulations to our 10th Prime Minister! He’s like an Asian Tiger.”
“DSAI is the best, let’s hope he is able to lead this country and work responsibly for the country and citizens.”
It’s definitely comforting knowing that Malaysia is on its right track, and we hope that with the new change in Malaysia’s political scene, Malaysia will be able to heal and see a new light. Chin up, Malaysians, it’ll get better!
*All statistics are only for reference and may change accordingly.
Also read: PM Anwar Ibrahim Announces Public Holiday On Monday (Nov 28)
