Strong economic fundamentals, prudent management to contribute to stronger ringgit

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz

KUALA LUMPUR: 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.

He said that based on current factors, the ringgit’s value is expected to remain stable as Bank Negara Malaysia (BNM) actively manages the local unit to ensure that fluctuations are orderly and not excessive, allowing the economic sector to make investment and expenditure plans based on a more stable value of the ringgit.