Govt will monitor ringgit performance, says Guan Eng

He said the ringgit's performance should be evaluated on an annual basis, as it was normal for the value of currencies to fluctuate from day to day.

He said this when asked whether the government would adopt an intervention policy to curb the ringgit's fall following the recent weakening of the local currency. This led to the ringgit's weakening, as investors were worried about the prospects of the government debt being removed from the index. Maybank Kim Eng said the ringgit had underperformed against the US dollar in April by two per cent in reaction to news that FTSE Russell might drop Malaysia from the WGBI by September.

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Govt is monitoring ringgit’s performance, says Guan Eng after fall in currency value | Malay MailKUALA LUMPUR, April 23 — The government will monitor the ringgit’s performance in the foreign exchange market following the recent fall in the currency’s value, says Finance Minister Lim Guan Eng. He said the ringgit’s performance should be evaluated on an annual basis, as it was normal for... monitor je laa mampu. dia merosakkan. dia yg monitor. Saya sayang LGE. Terima kasih. Tepuk
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