The recent slide of the ringgit to almost new lows set some alarm bells ringing, which even led to Prime Minister Datuk Seri Anwar Ibrahim having to quell the panic by saying that everything was under control.
Not since the 1998 Asian financial crisis had the ringgit slipped so low, leading many to sigh as they watched their savings dip in value and as things became slightly more expensive to purchase overnight.
However, it is not all doom and gloom. It is vital to understand the technicalities behind why the ringgit took a beating.
Read more: Financial News
