# Govt Committed To Implementing Policies To Strengthen International Reserves, Ringgit

> Malaysia's Finance Ministry said in a written reply to the Dewan Negara that the government will keep pursuing policies to attract foreign investment and strengthen international reserves and the ringgit. It said Bank Negara's approach is an orderly ringgit adjustment and that recent ringgit moves tracked regional currencies and expected US rate hikes.

- Date: 2023-04-06 · published 2023-04-06T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36684-govt-committed-to-implementing-policies-to-strengthen-international-reserves
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Policy aimed at keeping the ringgit orderly reduces the risk of sharp swings in the local cost of dollar-priced feed imports. The statement signals no change in trade or commodity policy.

## Read by commodity

- USDMYR: neutral

## Sources

- mof.gov.my: https://www.mof.gov.my/portal/en/news/press-citations/govt-committed-to-implementing-policies-to-strengthen-international-reserves-ringgit

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.