Malaysia rules out ringgit free-float

Malaysia's central bank ruled out any moves to free-float the ringgit on Wednesday 25 May, warning it could lead to volatility but said it was open to opportunities for a better exchange mechanism.

"It would be difficult for a country like Malaysia to have a free float as our small and open economy will render us to high volatility," Bank Negara Malaysia governor Zeti Akhtar Aziz told a news conference.

Zeti said the depreciation of the ringgit, which has been pegged at 3.80 to the dollar since

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