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Malaysian PM Mahathir sees fair value of ringgit at 3.8 - Bloomberg

Reuters

KUALA LUMPUR, June 22 (Reuters) - Malaysian Prime Minister Mahathir Mohamad sees the fair value of the ringgit currency at 3.8, about 5 percent stronger than the current rate, Bloomberg said on Friday, citing an interview with the premier.

The ringgit was trading at 4.00 against the U.S. dollar on Friday.

"We would like to strengthen our ringgit, but it should be done naturally," Mahathir said, according to Bloomberg. (Reporting by A. Ananthalakshmi; Editing by Clarence Fernandez)