The Ringgit Continues to Plunge, What is the Government's Action?


 This morning, the Malaysian Ringgit (RM) is seen to have reached 4.70 against the US Dollar and is likely to continue to weaken.

Meanwhile, the ringgit will also reach a level of RM3.50 against the Singapore dollar and analysts predict it will reach a level of RM3.49 by the end of 2023.

Analyzing the Economy, Prof. Emeritus Dr. Barjoyai said the strengthening of the Singapore dollar was due to the country's position as a world financial hub.

He said further, that advantage also gave Singapore a lot of strength in terms of strengthening the economic and financial base.

The issue was also raised in the Dewan Rakyat today by Dungun Member of Parliament Tuan Haji Wan Hassan to ask the Minister of Finance to state the Government's plan to deal with the problem of the fall in the value of the ringgit compared to the currencies of other ASEAN countries.