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Malaysia not headed for currency crisis, economic fundamentals positive, says finance minister Zafrul

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He said that the nation's economic fundamentals remained positive despite the Covid-19 pandemic. Read more at straitstimes.com.

, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Mr Wong, MP for Bukit Bendera in Penang, had wanted to know the measures being taken by the government through Bank Negara to mitigate the risks involving foreign currency exchange rates. He cited the introduction of dynamic hedging as an example of reducing risks for those in the currency market and business.

The finance minister Zafrul also said that the Malaysian economy is not headed for a crisis because the situation in 1997 was different.

 

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