Malaysian governor urges firms to support currency
Cambodian and Malaysian central banks will launch a new cross-border payments link
Malaysia’s central bank said today (February 27) that it has bolstered its efforts to ‘encourage continuous inflows’ to the foreign exchange market.
Governor Abdul Rasheed Ghaffour said Bank Negara Malaysia (BNM) had increased its engagements with government-linked companies, and private corporations and investors. Ghaffour said the BNM wanted to “encourage continuous inflows” to the foreign exchange market, media outlets reported.
The ringgit has fallen sharply against the dollar in recent
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