Ringgit To Be Set Loose

March 2006
Asia Monitor: South East Asia Monitor Volume 1;Mar2006, Vol. 17 Issue 3, Special section p1
Country Report
Country Report
The article reports that Bank Negara Malaysia (BNM), the central bank of Malaysia established in January 1959, has intervened in the currency market through buying and selling dollars against Malaysian ringgit in order to protect the export competitiveness of Malaysia. This intervention has decreased the demand of global electronics in Malaysia causing a decline in its export growth.


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