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Here’s why the ringgit strengthened
['Yugendran T Kannu Sivakumaran']
Headlines | Latest | Malaysia | Top Stories | Local News
This article will give a multi-faceted view of the impact of the ringgit gaining strength so a clearer picture can be formed to moderate expectations.
Attributing the ringgit’s gain wholly to government policy leads to the assumption that the current value of the ringgit is stable and sustainable.
With increased productivity, they will still be able to match global prices and demand in an environment of a strong ringgit.
Without these foundations, a strong ringgit can hurt Malaysian exporters, making them less competitive.
The impact of a strengthening ringgit can be drastic for the Malaysian economy given that we are still not yet as efficient as we should be.