Zeti says ringgit peg not deterring investment

The Malaysian ringgit's fixed exchange rate system has not discouraged European countries from investing in the country nor curbed growth in trade, central bank governor Zeti Akhtar Aziz said.

She said trade with the European Union has, in fact, grown substantially since the ringgit peg was established.

'Trade with the European countries has increased significantly in the last seven years since the implementation of the fixed exchange rate,' Zeti said.

In a keynote address at a conference here