Ringgit to keep strengthening, trading at RM4.50 vs dollar year-end: MOF

PARLIAMENT | The ringgit is expected to continue to strengthen this year, trading at RM4.50 against the US dollar by year-end, driven by the country’s positive economic performance, said Finance Minister II Amir Hamzah Azizan.

He said coordination between the Finance Ministry and Bank Negara Malaysia (BNM), as well as joint efforts between government-linked investment companies and government-linked companies will help to increase inflows into the foreign exchange market to strengthen the value of the ringgit.