Amir Hamzah: Govt committed to ensuring ringgit remains strong

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Amir Hamzah: Govt committed to ensuring ringgit remains strong
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KUALA LUMPUR: Finance Minister II Datuk Seri Amir Hamzah Azizan (pix) has reiterated the government’s steadfast commitment to maintaining the stabilit...

has reiterated the government’s steadfast commitment to maintaining the stability and resilience of the ringgit.

“Additionally, BNM oversees the conversion of export earnings into ringgit by exporters, while encouraging the adoption of local currency in export settlements to reduce reliance on the US dollar,“ he said during the winding up of the debate on the Supplementary Supply Bill 2024 in the Dewan Negara.

“This collaborative approach includes encouraging government-linked investment companies and government-linked companies to repatriate foreign investment income and consistently convert it into ringgit,“ he added.

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