The ringgit was in first place compared to nine other regional countries since the coordination measures among the government, Bank Negara Malaysia (BNM), government-linked investment companies (GLICs) and government-linked companies (GLCs) were implemented on Feb 26, 2024.br br Finance Minister II Datuk Seri Amir Hamzah Azizan said the local currency’s performance was based on data from BNM’s Financial Markets Committee on March 1, 2024, which stated that there was an immediate impact on market trends and increased market interest in the ringgit.