Finance minister II: Govt committed to ensuring ringgit remains strong

KUALA LUMPUR, April 1 — Finance Minister II Datuk Seri Amir Hamzah Azizan has reiterated the government’s steadfast commitment to maintaining the stability and resilience of...

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He highlighted Bank Negara Malaysia’s continuous efforts to uphold stability in the domestic foreign exchange market, noting that aside from vigilant monitoring of financial markets, BNM takes proactive steps, including intervention when necessary, to curb excessive currency fluctuations. Amir Hamzah also emphasised the collaborative efforts between the Ministry of Finance and BNM in facilitating fund inflows into the foreign exchange market.“This collaborative approach includes encouraging government-linked investment companies and government-linked companies to repatriate foreign investment income and consistently convert it into ringgit,” he added.

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