KUALA LUMPUR, March 11 (Bernama) -- The government, through Bank Negara Malaysia (BNM), ensures that financial markets remain orderly and the country’s financial system remains resilient amid global uncertainties through continuous market surveillance, according to the Finance Ministry (MoF).
The ministry said the central bank implements various risk management frameworks that are comprehensive to ensure a stable ringgit and the resilience of the nation’s financial system.
It stated that the movement of the ringgit continues to be determined by market forces.
“BNM does not target any specific level for the ringgit. Its focus is to ensure that the ringgit is traded in an orderly manner.
“BNM will continue to monitor conditions in the domestic foreign exchange (forex) market and is always ready to take appropriate measures if there are disorderly movements in the currency,” it said in a reply published on the Parliament’s website today.
This was in response to questions from Senator Nik Mohamad Abduh Nik Abdul Aziz regarding the forms of risk management implemented by BNM to ensure the stability of the ringgit and the resilience of the country’s financial system, and what key performance indicators (KPIs) are used by BNM to assess the success of this risk management.
The MoF said the government and BNM have also taken integrated and coordinated actions to bring capital inflows into the forex market, which in turn can stabilise the ringgit.
“This includes encouraging government-linked companies and government-linked investment companies to repatriate foreign investment income and convert those earnings into ringgit more consistently.
“BNM has also implemented the Qualified Resident Investor (QRI) programme in July 2025 to further support two-way flows of funds in the forex market,” it said.
According to the MoF, as of March 1, 2026, the ringgit had appreciated by 4.31 per cent to RM3.89 against the US dollar. This rate of appreciation against the greenback was one of the highest among regional currencies.
“When we take into account the weighted average of the currencies of Malaysia’s main trading partners, such as the Singapore dollar, Chinese renminbi and US dollar, the ringgit’s nominal effective exchange rate (NEER) recorded an increase of 6.1 per cent in 2025 and 2.8 per cent as of mid-February 2026,” it said.
-- BERNAMA
