17/03/2024  Malaysia central bank says Google misquoted exchange rate a second time


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.
The ringgit, which declined to a 26-year low last month, has weakened about 2.44% this year. 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 Feb. 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.