KUALA LUMPUR: The ringgit is likely to strengthen against the US dollar in 2024, particularly in the second half of the year towards the 4.40 level, said the Malaysian Institute of Economic Research (MIER) today.
Its board member Tan Sri Dr Sulaiman Mahbob said that one of the factors driving the ringgit to strengthen against the greenback next year is the increase of the sales and service tax rate to 8.0 per cent which would generate extra revenue for the government and improving the fiscal position.
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