Ringgit Expected To Remain Strong, Driven By Economic Growth – Amir Hamzah

The minister said this to reporters after the officiating ceremony of 40 new units of baggage scanners for the Royal Malaysian Customs Department (JKDM) at the Kuala Lumpur International Airport (KLIA) Terminal 1 today. The minister said this to reporters after the officiating ceremony of 40 new units of baggage scanners for the Royal Malaysian Customs Department (JKDM) at the Kuala Lumpur International Airport (KLIA) Terminal 1 today. Amir Hamzah added that the ringgit's performance has improved recently due to positive economic developments, increasing foreign investment inflows, and movements in the United States' interest rates. "Alhamdulillah, the ringgit is still gaining strength and is gradually finding its true equilibrium," he said, noting that the local currency had also strengthened against other major currencies in the region. Today, the ringgit closed at 4.12 versus the US dollar, emerging as one of the top-performing currencies globally. Source: BERNAMA News Agency