Weak ringgit takes toll on overseas Malaysian students, their parents

Malaysian students studying in Beijing at a Hari Raya Puasa celebration on April 29, 2023. PHOTO: BERNAMA
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KUALA LUMPUR – Many Malaysians studying overseas may no longer be able to afford their education costs after the ringgit shrank against a basket of currencies this year, putting their parents in a financial quandary.

The ringgit has fallen by 6.2 per cent since the start of the year, closing at RM4.6588 against the greenback on Friday.

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