Malaysia's Zeti: ringgit peg 'not misaligned'

Malaysia's central bank governor Zeti Akhtar Aziz said on Friday 6 February that the 3.80 to the US dollar ringgit peg is appropriate and that the Malaysian currency is "not misaligned".

"The ringgit has essentially gravitated around its fair value and has not experienced misalignment," she told a financial conference in Kuala Lumpur.

The purpose of the peg was to enhance overall productivity and competitiveness versus Malaysia's trading partners, she said.

"It's important to understand that an