KUALA LUMPUR (May 15): The ringgit will be better performing when confidence is restored, said Tan Sri Zeti Akhtar Aziz.

Zeti, who was named as member of the Council of Elders by Prime Minister Tun Dr Mahathir Mohamad today, said the new government was working hard towards restoring confidence.

“When the fiscal regime improves, it (the ringgit) will. The fiscal reason is why we are a single 'A' when we should be a double 'A',” she told reporters, after the Council of Elders held its first press conference today.