KUALA LUMPUR: Bank Negara Malaysia (BNM) today dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous U...
: Bank Negara Malaysia today dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous USD/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 5 pm, 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.The public should also exercise caution against using, circulating or speculating on unverifiable sources as a reference for the ringgit, it said.
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