Reported 25 days ago
Bank Negara Malaysia has stated that it will take measures to address volatility in the ringgit, emphasizing that its recent weakening is not expected to persist. The central bank asserts that Malaysia’s strong economic foundations and structural reforms will support the currency in the long run, despite a significant drop against the dollar in October. Policymakers are also promoting repatriation of overseas income to bolster the ringgit after a recent low.
Source: YAHOO