KUALA LUMPUR: The Malaysian government urges all parties to work together and take a whole-of-nation approach to strengthen the value of the ringgit, says the finance ministry.
It said on the Parliament website on Monday that all Malaysians are encouraged to adopt a"Malaysia First” attitude in their daily lives.
The ministry was replying to Mr Mohd Syahir Che Sulaiman who wanted to know the concrete steps taken within the framework of the Madani Economy to increase the resilience and competitiveness of the value of the ringgit. The finance ministry said that various concrete measures have been and are being taken by the government and Bank Negara Malaysia to deal with the fall in the value of the ringgit, including ensuring that the domestic foreign exchange market remains orderly while monitoring the conversion of export proceeds into ringgit by exporting companies.
It added that the impact of the depreciation of the ringgit is higher on imported goods, including food which includes meat and dairy, fish and seafood, fruits and vegetables.
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