Recent Currency Depreciation Not Limited To Ringgit Alone Bank Negara

Most world currencies are depreciating against the US dollar and the issue is not unique to ringgit alone, said Bank Negara Malaysia (BNM).
“Ongoing developments in global financial markets have weighed down on market sentiment. These include the US debt ceiling impasse and episodes of stress in the US and European banking sectors.
“This has led to an increase in demand for safe-haven assets such as the US dollar and outflows from most emerging market economies as investors seek to protect their investments.
“Against this backdrop, the US dollar has strengthened against most currencies,” said BNM, according to Bernama.
The movement of the ringgit was relatively muted when compared to other major trading partners, added BNM.
At the time of writing, the US dollar had risen to RM4.60, up from RM4.46 a month ago. Similarly, the Singapore dollar had risen to RM3.40, up from RM3.34 within the same period.

In view of this, the central bank said that the ringgit’s performance against the US dollar, or any other currency, was not a reflection of the state of the economy.
“Malaysia’s economy is expected to continue expanding within the range of four to five percent this year.
“Domestic demand will continue to drive growth, supported by the continued recovery in the labour market and the realisation of approved multi-year investment and capital projects, including approved foreign direct investments, such as the East Coast Rail Link (ECRL), LRT Shah Alam Line or LRT 3, and Pan Borneo Highway.
“At the same time, Malaysia’s diversified export markets and product segments will continue to support the resiliency of the external sector," said BNM.
The central bank said it will continue to manage the risks arising from heightened financial market volatility by ensuring sufficient liquidity and orderly functioning of financial markets.
“The ringgit’s performance should improve as uncertainties from global market developments subside. This in turn will better reflect Malaysia’s sound economic fundamentals,” said BNM. - Mkini

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

http://malaysiansmustknowthetruth.blogspot.com/2023/05/recent-currency-depreciation-not.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

Come Clean Dear Bank Negara Governor On Ringgit Depreciation Mp

papar berkaitan - pada 29/5/2023 - jumlah : 356 hits
A PKR MP has urged the Bank Negara governor Nor Shamsiah Mohd Yunus to come clean on the reason behind the consistent fall of the ringgit This according to Pasir Gudang MP Hassan Abdul Karim is because currency depreciation impacts the coun...

Yoursay Opr Not The Only Reason For Ringgit Depreciation

papar berkaitan - pada 30/5/2023 - jumlah : 296 hits
YOURSAY Strength of our ringgit is dependent on a myriad of factors Unspin As Bank Negara governor Nor Shamsiah Mohd Yunus has the overnight policy rate is a blunt instrument to control the equilibrium of our economy It is not the panacea t...

Faktor Luaran Sebabkan Kejatuhan Ringgit Kata Bank Negara

papar berkaitan - pada 27/5/2023 - jumlah : 514 hits
Faktor luaran sebabkan kejatuhan ringgit kata Bank Negara Dikemas kini 1 jam yang lalu Diterbitkan pada 26 May 2023 9 54PM

Ringgit Tertekan Kenaikan Opr Rakyat Tertekan Bank Tersenyum

papar berkaitan - pada 25/5/2023 - jumlah : 233 hits
Kenaikan kadar dasar semalaman sebanyak 25 mata asas kepada 3 00 peratus yang diumumkan oleh Bank Negara Malaysia pada 3 Mei lalu tidak menguntungkan sesiapa kecuali sektor perbankan Pnganalisis di Hong Leong Investment Bank Bhd menganggark...

Rafizi Ringgit Depreciation Due To Uncertain Global Economy

papar berkaitan - pada 1/6/2023 - jumlah : 195 hits
The ringgit s depreciation against the US dollar is due to the uncertainty of the global economy this year said Economy Minister Rafizi Ramli This Rafizi said resulted in heightened demand for more secure investments Due to the uncertainty ...

Economist Warns Against Politicising Ringgit As Ph Attacks Backfire Amid Currency Slump

papar berkaitan - pada 31/5/2023 - jumlah : 299 hits
The value of the ringgit is linked to monetary policies under the purview of Bank Negara an independent statutory body An economist has cautioned against using the exchange rate as campaign fodder amid the ringgit s ongoing slump against th...

Waspada Aplikasi Menggunakan Nama Bank Negara Malaysia

papar berkaitan - pada 19/5/2023 - jumlah : 402 hits
Menurut kenyataan Bank Negara Malaysia Jangan percaya sesiapa yang mengaku pegawai mana mana organisasi melalui Whatsapp termasuk kakitangan BNM Jika ada keraguan hubungi BNMLINK SUMBER Facebook Rasmi BNMInstagram

Pm Mahu Generasi Muda Ceburi Sastera Seni Dan Budaya Demi Martabat Bangsa Negara

papar berkaitan - pada 31/5/2023 - jumlah : 307 hits
PERDANA Menteri Datuk Seri Anwar Ibrahim meluahkan rasa bimbang ekoran generasi muda dilihat tidak lagi cenderung untuk menceburi bidang sastera seni dan budaya Anwar yang juga Menteri Kewangan berkata pemikiran tersebut perlu diubah bagi m...