Bank Negara move not to peg ringgit pragmatic


Bank Negara Malaysia’s move not to peg the ringgit despite the Malaysian currency’s present weakness is bold and pragmatic given the well-capitalised banking system. – The Malaysian Insight file pic, May 15, 2022.

BANK Negara Malaysia’s move not to peg the ringgit despite the Malaysian currency’s present weakness is bold and pragmatic given the well-capitalised banking system.

A weak ringgit is not necessarily a bad thing, as the weak currency by theory will make Malaysia more competitive and encourage exports.


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