Malaysia central bank says Google misquoted exchange rate a second time

March 16, 2024

KUALA LUMPUR -- Malaysia's central bank said on Saturday that Google had misquoted the ringgit's exchange rate, undervaluing the currency against the dollar, and that it would seek an explanation from the tech giant. Bank Negara Malaysia (BNM) has said the currency is undervalued and does not reflect Malaysia's positive economic fundamentals. The bank said in a statement that Alphabet Inc's Google published "inaccurate" information on Friday and had also done so on February 6. Google quoted the ringgit at 4.98 to the dollar on Friday, BNM said, while the Malaysian currency's weakest level on official data was 4.7075. BNM quoted the ringgit at 4.7015 at 9 a.m. and 4.7045 at 5 p.m. on the onshore interbank market.

The source of this news is from Tuoi Tre News

Featured Jobs