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The ?Ringgit' appreciated against all major currencies, including regional currencies in tandem with the strong U.S dollar. The joint exchange rate regime continues to be supported by the strong fundamentals of the economy as reflected by the strong current account surplus and the low rate of inflation...
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However, some downside risks need to be addressed as the strength of global recovery is still uncertain and external demand may not be as strong as it was during the 1999-2000 period. The current economic upturn is taking place amidst global excess capacity, particularly in the information and communication technology sector...
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