How does the ringgit’s decline affect citizens, apart from seeing import prices go up?What are the reasons for the ringgit's decline? Why has it experienced such a significant drop not only against the US dollar but also against other major currencies?Many people are attributing the ringgit’s weakness to the lack of action from Bank Negara Malaysia. What measures could BNM undertake in this situation?Raising the OPR by a fair margin in order to “catch up” with other central banks and strengthen the ringgit is definitely something to consider. But wouldn't such OPR hikes further burden citizens, as what we are currently witnessing?BNM recently announced its intention to intervene in the currency market to halt the devaluation of the ringgit. How effective is this approach? Is it possible for the ringgit to strengthen and reach the RM4.44 range?~~~~~~~~~~~~ In this episode, we are back with Hann Liew, the founder of RinggitPlus, and Economist Sani Hamid. Our conversation focused on the current declining ringgit, which has fallen almost 6% against the US dollar and over 11% against the pound sterling on a year-to-date basis. Comparisons to our Southeast Asian counterparts show that our ringgit hasn't fared well either. According to a recent report by MIDF, the ringgit stands as the second-worst-performing currency in Asia, trailing only behind the Japanese yen. The depreciation has undeniably caused significant concern among Malaysians. This session will address these worries and shed light on the past, present, and future trajectory of the ringgit. ~~~~~~~~~~~~ Hann is a personal finance expert with over a decade of experience in the financial industry. Qualified as a licensed financial planner, he has helped tens of thousands of Malaysians on their path towards financial literacy. Our other speaker, Mr. Sani Hamid, is a renowned economist and strategist with over 30 years of experience in the financial sector. He is a frequent commentator in the media and is widely respected in the field of economics. Hann’s socials: https://twitter.com/ooihann Mr. Sani’s socials: https://twitter.com/sanihamid ~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser investor today for as little as $1/month: https://www.patreon.com/TheFuturizts Find us at: https://linktr.ee/thefuturizts ~~~~~~~~~~~~ DISCLAIMER: The information contained in this podcast is for informational and educational purposes only. Nothing herein shall be construed as financial, legal, or tax advice. The opinions expressed in this podcast are solely those of the speakers.