September 22, 2008 13:40 PM
Malaysia Says No To Ringgit Re-peg
PUTRAJAYA, Sept 22 (Bernama) -- Malaysia will not re-peg the Ringgit, Deputy Prime Minister and Finance Minister Datuk Seri Najib Tun Razak said Monday.
"We are confident of the Ringgit's position and it reflects the real value of the currency," he said in his first meeting at the Finance Ministry.
At 9.08am, the ringgit was higher at 3.4120/4170 against the greenback's close of 3.4570/4620 on Friday.
Former Prime Minister Tun Dr Mahathir Mohamad had on Saturday suggested that the exchange rate should be fixed again to cushion the impact of the weakening dollar against other currencies.
Najib, who was previously Defence Minister, swapped portfolios with Prime Minister Datuk Seri Abdullah Ahmad Badawi on Wednesday.
-- BERNAMA
Dah najib tak ikut cakap madey dah, Muhyiddin tentu meluat dengar berita ni.
Nak buat macamana Muhyiddin aku dah dekat kau jauh lagi he he he he he .... kata najib.
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