Brisk transactions ensure ringgit maintains high global standing


KUALA LUMPUR: Malaysia’s brisk ringgit-denominated transactions will continue to entrench the local currency as among the top 20 currencies globally, a top wealth management company official said on Sunday (July 13).

SPI Asset Management managing partner Stephen Innes stated that demand for transactions in ringgit would be driven by Malaysia’s strong trading linkages, especially with China, Singapore, and other Southeast Asian economies.

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