PM expects ringgit to regain strength


  • Economy Premium
  • Tuesday, 24 Oct 2017

At 9 am(0100gmt), the ringgit was traded at 4.2940/2970 against the greenback from 4.2950/2990 on Wednesday.

KUALA LUMPUR: Datuk Seri Najib Tun Razak expects the ringgit to regain its strength and an appropriate market rate as the economy continues to perform well, which has been predicted by all forecasters.

In his economic vision statement issued on Tuesday, ahead of the unveiling of the Budget 2018 proposals on Friday, the Prime Minister said while it is true that the Ringgit weakened amidst the global turmoil and uncertainties since 2014, "but there have been positive aspects to that, as our exports and tourism boomed".

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