Bank Negara Malaysia accuses Google of misreporting exchange rates again and demands explanation

Bank Negara Malaysia (BNM) said on Saturday (March 16) that search engine giant Google once again misreported its exchange rate on Friday, and the ringgit's exchange rate against the US dollar was once again undervalued. The bank asked Google for an explanation.

Bank Negara Malaysia accuses Google of misreporting exchange rates again and demands explanation

This is not the first time that Google has incorrectly reported Malaysia’s exchange rate, and such errors could have a negative impact on Malaysia’s economy. BNM hopes that Google will recognize the seriousness of this problem and take appropriate measures to avoid similar situations from happening again.

BNM once again emphasizes the importance of exchange rate accuracy

The exchange rate is one of the important indicators of the national economy. Any erroneous reports on the exchange rate may lead to market confusion and mislead investors. BNM reiterates the importance of currency accuracy and will continue to monitor currency reporting by companies such as Google.

Google should take responsibility

As one of the world's largest search engine companies, Google should take more responsibility for its currency reporting. BNM hopes that Google can actively respond to this incident and ensure that similar errors do not occur in the future.

• BNM will continue to cooperate with Google
• BNM said that despite such erroneous reports, they are still willing to cooperate with Google to ensure the accuracy and timeliness of exchange rate reports.