00:00The Ringgit opened firmer against the US dollar on Monday, hovering near its strongest level in more than seven years.
00:09At noon, the Ringgit strengthened to 3.9695 against the dollar after it recorded within the range of 4.005 to 4.076 over the past one month.
00:21The Ringgit last traded at a similar level in May 2018, when it touched 3.9797 against the greenback.
00:29The currency's rise followed improved risk appetite after Bank Negara maintained the overnight policy rate at 2.75% last Thursday, coupled with a weaker US dollar index.
00:40Prime Minister Datuk Seri Anwar Ibrahim welcomed the news where he said praise be to God when asked about the Ringgit's performance after launching the National Audit Department's 120th anniversary celebration on Monday.
01:04Last Saturday, Anwar, who is also Finance Minister, said the Ringgit's strong performance is now among the best in Asia.
01:11He said it reflects the effectiveness of sound governance, political stability, and growing investor confidence in Malaysia's economic direction.
01:19He attributed it to the government's efforts to ensure efficient administration and take firm action against corruption.
01:27The Ringgit has appreciated by nearly 11% since November 2022, rising from around the 4.50 level.
01:35The Ringgit will have zero level.
01:37Filling action with other 3.50 levels.
01:46The Ringgit will have zero level.
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