ADB: Malaysian ringgit peg reform long overdue

The Asian Development Bank's top economist said on Tuesday 3 may that it is time for Malaysia to relax its currency peg and strong economic fundamentals will allow the country to adopt a more flexible exchange rate fairly smoothly.

"Their fundamentals are sufficiently strong right now that they could relax without any of the unfavourable consequences," Ifzal Ali told Reuters in Istanbul ahead of the annual meeting of the ADB.

"Having said that, it may be also possible that they may be waiting

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