Ringgit undervalued by up to 10%, Amir Hamzah tells Dewan Rakyat

Published on 29 Feb 2024 4:25:49 PM

The Malaysian ringgit is currently undervalued by up to 10%, says Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah also said that there is no need to peg the ringgit against the US$ or impose currency restrictions as what was done previously during the Asian Financial Crisis (AFC) in 1997/98.

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