Zafrul: No plans for ringgit peg, we are not in a crisis

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz reiterates that there will be no peg of the ringgit to the US dollar amid the continued weakening of the local currency.

"The ringgit is influenced by the movements of currencies across the world - including the main export partners of Malaysia. We are not in a currency or financial crisis like back in 1997 which is being claimed by certain parties," Zafrul told a press conference at the 'Developing and Financing Green Housing in Asia' by Cagamas.