Ringgit to recover in value due to ongoing structural reforms, says economist

KUALA LUMPUR: Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the value of the ringgit should be better than what it is now due to the government’s ongoing structural reforms.

He said currency fluctuations, especially for the ringgit, are normal and often driven by macroeconomic indicators given that Malaysia is an open trading nation.