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Strong economic fundamentals sustain ringgit peg, BUSINESS TIMES


Business Times (Malaysia)

12-24-2001

THE Argentinian economy is in serious trouble and some attribute it to
its currency's peg to the US dollar. In view of this, questions are being
raised about the ringgit peg which has been in force for more than three
years.
Malaysia pegged the ringgit at RM3.80 to the greenback on September 1
1998 and imposed selective capital controls in an effort to insulate the
domestic economy from external volatility. The Hong Kong dollar is also
pegged to the greenback.
One of the criticisms of the peg is

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