Bank Negara rules out pegging the ringgit as currency depreciates


Raevathi Supramaniam

Bank Negara says Malaysia will not impose capital controls or peg the ringgit against the US dollar despite the currency trading at an all-time low against the greenback. – AFP pic, September 23, 2022.

MALAYSIA will not impose capital controls or peg the ringgit against the US dollar despite the currency trading at an all-time low against the greenback, Bank Negara Malaysia (BNM) said in a statement today.

This, the central bank said, will allow the country’s economy to remain open and the ringgit to be market-determined.


Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!



Sign up or sign in here to comment.


Comments