Malaysia relaxes foreign currency rules

Bank Negara Malaysia, the country's central bank, has relaxed a number of rules for the administration of foreign currency.

The most substantial change is the relaxation of limits on the amount of borrowings by local companies and individuals. Residents and local companies will now be free to borrow any amount in foreign currency from non-residents and non-bank parent companies.

Companies will also be allowed to obtain any amount of suppliers' credit in foreign currency to purchase capital goods

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