Reforms needed to strengthen local currency

Sheng: The interest rate differential is also another contributing factor to the weakening of the ringgit.

AMID mounting economic challenges, the ringgit finds itself grappling with persistent erosion, raising serious concerns not just among investors or stakeholders, but also the rakyat themselves.

The waning value of the local currency has become a pressing issue as it affects and influences the public’s day-to-day lives, prompting calls for decisive actions to address the underlying factors contributing to this situation.