Bank Negara stemming the decline of the ringgit

Bank Negara stemming the decline of the ringgit
Dealers told StarBiz that the central bank had in a recent briefing with them reiterated its stand that the ringgit would not be pegged against the US dollar, and that its value would be determined largely by market forces. Bank Negara had, however, expressed its concern that the ringgit had weakened far beyond Malaysia’s economic fundamentals.
PHOTO: The Star/ANN
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