Malaysia central bank says Google misquoted exchange rate a second time

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KUALA LUMPUR - Malaysia's central bank said on Saturday (March 16) 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 per cent this year.

A general view of the Central Bank of Malaysia in Kuala Lumpur, Malaysia, on July 31, 2019.KUALA LUMPUR - 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 bank said in a statement that Alphabet Inc's Google, opens new tab 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.

 

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