Strong economic fundamentals, prudent management to contribute to stronger ringgit, says finance minister

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KUALA LUMPUR, May 28 — Strong economic fundamentals and prudent ringgit management are expected to contribute to the strengthening of the ringgit against the US dollar despite...

KUALA LUMPUR, May 28 — Strong economic fundamentals and prudent ringgit management are expected to contribute to the strengthening of the ringgit against the US dollar despite several temporary factors that have contributed to the ringgit’s current depreciation, Minister of Finance Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.

“What is more important are our economy’s strong fundamentals such as the country’s continued economic growth prospects,” he said in a statement today. “This is also reflected in the most recent International Monetary Fund analysis, which projects 5.75 per cent gross domestic product growth for Malaysia in 2022 driven by pent-up domestic demand and continued strong external demand.

 

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Can we ever hit 1:1 against the S'pore Dollar, tzafrul_aziz? Or amass more than a trillion dollars in total reserves? MSabu_Official anthonyloke anwaribrahim MuhyiddinYassin chedetofficial NajibRazak AzminAli IsmailSabri60

Prudent management? We're talking about the same country?

Stamp out corruption first as one step to manage the Ringgit

tzafrul_aziz make it come true by 31 August 2022 🇲🇾😀

Too many leakages..execution is poor, initiatives old school..

Talk is cheap

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