Malaysian central bank rebukes Google for exchange rate error

Google Malaysia says faulty exchange rate data came from third party and apologises for the error

bank-negara-malaysia
Bank Negara Malaysia

Malaysia’s central bank has issued a statement reproving tech firm Google for repeatedly misreporting the ringgit’s exchange rate recently, undervaluing it against the US dollar.

Google Malaysia apologised for the error today (March 18), saying it had contacted the third-party provider of the exchange rate data to correct the error. 

In a statement on March 16, Bank Negara Malaysia (BNM) said Google had published an “inaccurate” rate of the ringgit against the US dollar on March 15. The central

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