KUALA LUMPUR, March 16 — Bank Negara Malaysia (BNM) today dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous US$/RM exchange...
Yesterday, the ringgit was quoted at 4.7015 against the US dollar at 9am. and 4.7045 at 5pm, with an intraday high of 4.7075 in the onshore interbank market for ringgit, as published on the BNM website. — Picture by Shafwan ZaidonKUALA LUMPUR, March 16 — Bank Negara Malaysia today dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous US$/RM exchange rate published by Google on Friday, March 15.
Yesterday, the ringgit was quoted at 4.7015 against the US dollar at 9 am. and 4.7045 at 5pm, with an intraday high of 4.7075 in the onshore interbank market for ringgit, as published on the BNM website.BNM pointed out that this was the second incident that Google published an inaccurate US$/RM exchange rate data in 2024.
“As this is the second instance of misreporting, BNM will be engaging Google for an explanation of how the inaccurate reporting occurred and the corrective measures taken given that this is a recurring issue that has afflicted Malaysia and other countries in the past few months,” it said.BNM advised members of the public to rely on official data, including from the central bank.
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