Coordinated govt actions bolster ringgit as Asia's top performing currency - MoF

KUALA LUMPUR: The ringgit has emerged as the top-performing currency in the Asian region compared to the US dollar as a result of the implementation of coordinated actions by the government and Bank Negara Malaysia (BNM) since Feb 26, 2024, said the Ministry of Finance (MOF).

In a written answer in the Senate, the ministry said that the actions were undertaken to encourage a more consistent inflow of funds into the domestic financial market, including the repatriation and conversion of foreign investment income by government-related companies.