The strengthening of the ringgit demonstrates that the MADANI government has successfully shifted global perceptions of Malaysia’s economic fundamentals, said Communications Minister Fahmi Fadzil.
He noted that the ringgit had reached a high of RM4.19 against the US dollar as of 10:20 am today, surpassing the earlier forecast of RM4.50 by year-end.
MADANI Government’s New Policies Boost Ringgit, Shift Global Views
According to Fahmi, the launch of three key frameworks last year –MADANI Economy, New Industrial Master Plan 2030 (NIMP 2030) and the National Energy Transition Roadmap (NETR) — has led to rapid changes in the country within a short span of time.
“In two years, the MADANI Government has successfully placed Malaysia on the right track, and we are witnessing, among other things, a strong ringgit at RM4.19 against the US dollar,” he told reporters after the Ministry of Communications’ monthly assembly here today.
Fahmi, who is also the spokesperson for the Unity Government, highlighted other achievements by the government, including the increase in trade and investments.
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