defenseless

and some of the people will blindly believe the statement & give them all another term in office     

The USDMYR increased 0.0113 or 0.26% to 4.4058 on Friday November 18 from 4.3945 in the previous trading session. The USDMYR changed +2.94% during the last week, +5.15% during the last month and +2.89% during the last year. Historically, the Malaysian Ringgit reached an all time high of 4.71 in January of 1998 and a record low of 2.10 in October of 1978.

http://www.tradingeconomics.com/malaysia/currency

That'll be a huge impact on confidence, my guess is BNM would be resorting to some severe steps if that happens or if it seems likely to happen.

Also, politically that would be a major risk to the ruling govt, especially since rumours of elections are coming up.

I don't know exactly to be honest, but could they start burning up foreign reserves to defend the currency?
Or maybe peg the currency ?

Well, there is one more way - borrow from the IMF or the World Bank, but this way comes with its price to pay, namely must abide by the demands of the world body.

borrow need to pay back, sell the country to china easier and faster.

Relationship bewteen the MAS and with Bank Negara is falling apart ! BNM is accusing, publicly,... Singapore of manipulating the value of the Ringgit because of the NDF trades which are mostly traded in Sgp. Maybe,... soon,... can't send $$$ to Sgp anymore.

http://www.thestar.com.my/business/busines...k-wipe-out-ndf/

Just my personal opinion,...

Bank Negara is shivering everyday as the RM goes through the days now,....

Looks like the whole world is trying to tell BNM that what they are doing is wrong,... but,... BNM just couldn't be bothered. ... They just continued doing the same thing everyday mkt opens.

There is a hostage situation here. if foreign bond-holders wish to exit and convert back their funds to the home currencies, the BNM wants them to sign an undertaking saying that these parties are never to do ndf transactions again in future. These requests have already been sent to the COMPLIANCE DEPTS of the respective foreign banks.

So,... they can't exit ! 

Now,... I have a question why is the dep fielding questions and not the main man ??

My quote from investing.com ...a few websites also suffered same issues..not sure what happened.

May I know what website you are using to get the 4.43 figure? I'm using xe.com which for the past 24 hours the graph is virtually flat and the max is 4.4164 most of the time

Malaysian Ringgit’s Drop Toward Lowest Since 1998 Resumes: Chart

https://www.bloomberg.com/news/articles/201...8-resumes-chart

4.427............bottomless abysss

In the post-Trump era, emerging markets have been feeling the heat. Malaysia's ringgit plunged on Tuesday to be less than 1 percent from the 4.48 per dollar it reached in September of last year, the weakest level since the Asian financial crisis in the late 1990s. Sentiment is little different in the country's equities market, where investors sold 1.1 billion ringgit ($248 million) of shares through Friday in the biggest weekly exodus since June.
https://www.bloomberg.com/news/articles/201...back-to-markets

Asia’s Worst Currency Slump Takes Malaysian Rate Cut Off Table
http://www.bloomberg.com/news/articles/201...l-bank-on-guard

Malaysia stand to lose with demise of TPP
http://www.freemalaysiatoday.com/category/...-demise-of-tpp/

Start to long now? 

bnm doesn't have much of an option anyway...reducing rate would be suicide at this point....raising rate will also be killing a lot of businesses and people, who are highly geared...so no brainer staying put....

however, come next month, after the fed raise rates, then they are really in trouble...who to defend?...the myr value and the bigger economy?....or local geared businesses and individuals...many may be malay/umno linked...

the sensible move is raise rates too...debts can be restructured and mitigated...but politically may not be acceptable...

Malaysia Keeps Rates on Hold as Currency Tumbles

Once among Southeast Asia’s powerhouses, Malaysia’s economy is forecast to expand at a seven-year low of 4 percent to 4.5 percent in 2016. The central bank said inflation will probably be at the lower end of the 2 percent to 2.5 percent forecast range for this year and is “expected to remain relatively stable in 2017.”

https://www.bloomberg.com/news/articles/201...urrency-tumbles