Economy Still Strong Bank Negara Assures Amid Weak Ringgit Worries


 
Bank Negara would continue to ensure movements in the exchange rate are orderly, with no sharp or wide swings in the value of the ringgit, says Nor Shamsiah Mohd Yunus.PETALING JAYA: Bank Negara Malaysia (BNM) has dismissed concerns that the depreciation of the ringgit is a “tell-tale” sign that Malaysia will have trouble settling its external debts, as is the case with some countries.
“Let me stress that Malaysia is nowhere near that position,” BNM governor Nor Shamsiah Mohd Yunus told Bernama, alluding to recent reports from Sri Lanka, where the government announced it would default on its US$51 billion foreign debt.
Nor Shamsiah said Malaysia was expected to record a current account surplus exceeding RM75 billion in 2022.
It was also exporting more than it was importing, which meant that there was more inflow than outflow of foreign currency, she added.

Nor Shamsiah Mohd Yunus.Nor Shamsiah stressed that Malaysia was also a net creditor to the world.
“Today, we have more foreign assets than foreign liabilities – unlike during the Asian Financial Crisis (in 1997).
“There should be no concern that Malaysia might not be able to meet its foreign currency obligations given the recent fluctuations in the ringgit,” the national news agency quoted her as saying.
Last Friday, it was reported that the ringgit dived to 4.32 against the greenback, the lowest since May 29, 2020, when it was trading at 4.3465 against the US dollar.
Nor Shamsiah attributed the weakening of the ringgit to external factors, namely the US dollar appreciating against most major and regional currencies; investor nervousness about the conflict in Ukraine and signs of weakness in the global growth momentum; and, increased concerns over the slowdown in China, particularly arising from the recent imposition of Covid-19 restrictions in major cities.
She went on to say that a weaker ringgit “can be both a negative and a positive, depending on where you are in the economy”.
And while the country could expect some price increases as imports become more expensive, it will not see hyperinflation.
A weaker ringgit, Nor Shamsiah said, would prompt consumers to switch to more domestically produced goods and services.
“This helps spur the local economy.”
She assured that BNM would continue to manage the risks arising from both domestic and external developments.
“While we do not target any level of exchange rate, our role is to ensure movements in the exchange rate are orderly. By that, we mean that there are no sharp or wide swings in the value of the ringgit.
“We are ready to use the tools at our disposal to ensure these outcomes. This will help businesses plan and undertake business and investment decisions with more certainty, which will help to support a more sustainable recovery.”
Malaysia, she said, was still expected to register a strong economic recovery this year.
“Borders are open, businesses are resuming activity and our job market is improving. Our flexible and market-determined exchange rate is supporting us on this recovery path.
“Beyond this, Malaysia has a healthy current account surplus, a net external creditor position, and also an adequate level of international reserves. Our economic and trade structure is also highly diversified, allowing us to count on many sources of growth.” - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/04/economy-still-strong-bank-negara.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Siasatan Sprm Ke Atas Hakim Nazlan Berikan Gambaran Buruk Kepada Sistem Keadilan Negara

Siasatan Sprm Ke Atas Hakim Nazlan Berikan Gambaran Buruk Kepada Sistem Keadilan Negara

papar berkaitan - pada 25/4/2022 - jumlah : 194 hits
Langkah Suruhanjaya Pencegahan Rasuah Malaysia mengumumkan siasatan rasmi ke atas Hakim Datuk Mohd Nazlan Ghazali telah memberikan gambaran buruk kepada sistem keadilan di negara ini Ia seolah olah mahu mengesahkan ada kebenaran ke atas pen...
India Negara Pembelanja Ketenteraan Ketiga Terbesar Dunia Laporan

India Negara Pembelanja Ketenteraan Ketiga Terbesar Dunia Laporan

papar berkaitan - pada 26/4/2022 - jumlah : 175 hits
NEW DELHI India negara ketiga terbesar di dunia berbelanja untuk ketenteraan selepas Amerika Syarikat dan China menurut badan pemerhati senjata antarabangsa Perbelanjaan ketenteraan India meningkat 0 9 peratus kepada AS 76 6 bilion pada 202...
Hiburan Belum Sejam Dah Banjir Air Naik Di Ibu Kota Netizen Pertikai Sistem Pemparitan Negara

Hiburan Belum Sejam Dah Banjir Air Naik Di Ibu Kota Netizen Pertikai Sistem Pemparitan Negara

papar berkaitan - pada 26/4/2022 - jumlah : 161 hits
Sedia maklum sejak beberapa hari yang lalu cuaca di negara kita tidak terlalu elok kerana hujan lebat tanpa henti telah mengakibatkan berlaku banjir kilat di beberapa kawasan ibu negara Jika lihat di platform media sosial banyak foto foto a...
Kenapa Ada Negara Islam Mengiktiraf Kedaulatan Israel

Kenapa Ada Negara Islam Mengiktiraf Kedaulatan Israel

papar berkaitan - pada 26/4/2022 - jumlah : 250 hits
Di jazirah Arab ada beberapa negara yang mengiktiraf kedaulatan negara haram Israel dan menjalinkan hubungan diplomatik yang antaranya adalah Mesir Jordan UAE Morocco Bahrain dan Sudan Mesir dianggap klasik kerana negara ini sudah menandata...
Ddisekat Keluar Negara

Ddisekat Keluar Negara

papar berkaitan - pada 24/4/2022 - jumlah : 163 hits
Arrested Investigated Detained in lock up Charged in court Blacklisted from travelAku dah kena blacklist dan dilarang ke luar negara Semalam aku baru dapat tahu nama aku dalam senarai blacklist imigresen Aku disekat dari renew pasport dan d...
Dokumen Pasleak Memalukan Negara

Dokumen Pasleak Memalukan Negara

papar berkaitan - pada 22/4/2022 - jumlah : 191 hits
Dokumen PASLeak Memalukan Negara Jika pendedahan dokumen disebut sebagai PASleak yang mengandungi dakwaan campur tangan dalam proses kehakiman adalah benar ia satu perkara yang amat memalukan negara kata Pengerusi Umno Kelantan Ahmad Jazlan...
Bekas Ketua Setiausaha Negara Tan Sri Dr Ali Hamsa Meninggal Dunia

Bekas Ketua Setiausaha Negara Tan Sri Dr Ali Hamsa Meninggal Dunia

papar berkaitan - pada 21/4/2022 - jumlah : 166 hits
Bekas Ketua Setiausaha Negara Tan Sri Dr Ali Hamsa meninggal dunia hari ini ketika menerima rawatan di Hospital Dublin Ireland Ketua Setiausaha Negara Tan Sri Mohd Zuki Ali berkata pemergian Allahyarham pada Ramadan yang mulia adalah satu k...
Pasleak Jika Benar Ia Amat Memalukan Negara Jazlan

Pasleak Jika Benar Ia Amat Memalukan Negara Jazlan

papar berkaitan - pada 22/4/2022 - jumlah : 136 hits
PASleak Jika benar ia amat memalukan negara Jazlan Jika pendedahan dokumen disebut sebagai PASleak yang mengandungi dakwaan campur tangan dalam proses kehakiman adalah benar ia satu perkara yang amat memalukan negara kata Pengerusi Umno Kel...
Flexibility In Business Operations

Kempen Hartanah Bumiputera Khas Untuk Pembeli Bumiputera Mendapatkan Rumah Dengan Tawaran Giler Menarik

Umno Youth To Protest Extra Hours For Civil Servants Working Shifts

The Difference In The Concept Of Illicit Relationship Between Muslims And Non Muslims

Pensyarah Didakwa Hina Nabi Jawi Turut Buka Siasatan

Biodata Hael Husaini 2 Kali Juara Ajl Dan Perjalanan Dalam Industri Seni

Pas Langkaui Retorik Dap Isytihar Pas Muuh Utama

Murid Buktikan Pada Guru Lembu Makan Martabak


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


7 Keistimewaan Hari Arafah Hari Yang Dinantikan Jutaan Umat Islam

Generasi Milenial Dan Gen Z Dukung Nkri Nomor Urut 2 Simbol Harapan Baru Kalimantan Barat

Kempen Hartanah Bumiputera Matrix Miliki Rumah Selesa Cipta Kenangan Indah Bersama Keluarga

Bukan Semua Cendawan Boleh Makan Ada Yang Beracun

Wanita Bersalin Semasa Buang Air Besar

Jangan Risau Jika Tak Terkenal