Anwar warns against using depreciating ringgit as political tool

Prime Minister Datuk Seri Anwar Ibrahim has reminded all parties not to use the depreciating value of the ringgit as a political tool without any factual basis. Anwar, who was also the Finance Minister, said the government was constantly seeking ways to address the issue, including introducing the Madani Malaysia framework aimed at strengthening the country's economy.

He noted that as a result, last year saw the highest level of investment recorded in history, despite the fall in the value of the ringgit. "Sometimes people forget, when it becomes a political issue, they just want to attack. If the world doesn't have confidence, investment will slow down. "The world and investors do have confidence (in us), so we recorded the highest investment in Malaysia's history (last year), inflation decreased, the unemployment rate decreased and economic growth could be maintained in a sluggish global economic environment," he said when speaking at the opening ceremony of Restu Global Quranic Arts Festival 2024 at the Nasyrul Quran Complex here, on Saturday (Feb 24

Source: News Formal (newsformal.com)

Anwar Ibrahim Ringgit Political Tool Madani Malaysia Framework Investment Economy

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