Finance Minister II Datuk Seri Amir Hamzah Azizan emphasized government efforts to strengthen the ringgit through encouraging foreign direct investments by GLCs and GLICs and monitoring export and import revenue exchanges.
Ringgit leads regional currencies
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He expressed confidence in the currency’s improvement in the second half of 2024, citing integrated fiscal management. The ringgit recently traded at around 4.68 against the US dollar, showing consistent strength below the 4.70 level. Over the past six months, a collaborative strategy between the Ministry of Finance and Bank Negara Malaysia has improved the ringgit’s performance. As of July 11, the ringgit led regional currencies with a 2% increase.
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