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Saturday, August 22, 2015

Ringgit dip temporary, says 2nd finance minister

The ringgit will recover based on Malaysia's strong economic fundamentals, says the finance minister II. – The Malaysian Insider file pic, August 22, 2015.The ringgit will recover based on Malaysia's strong economic fundamentals, says the finance minister II. – The Malaysian Insider file pic, August 22, 2015.
The ringgit's decline against the US dollar is temporary, says Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
He said the ringgit would recover based on Malaysia's strong economic fundamentals.
"The strong economic growth of the United States as well as low commodity prices globally at present are among reasons behind the ringgit's decline.
Ahmad Husni was speaking after officiating the Kuala Kangsar Umno division delegates’ meeting today.
He also urged the public and private sectors as well as the people to be patient in facing the challenging economic circumstances.
"I am looking at the future of the nation and not politically. Others are also facing a similar challenge. I believe it is temporary and we will recover.”
On 1Malaysia Development Bhd (1MDB), Ahmad Husni said the entity would settle all its debts by year-end based on the rationalisation plan. – Bernama

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