Malaysian ringgit peg not misaligned-c.bank chief

Malaysia's central bank chief said on Feb 22 the ringgit, fixed at 3.8 per dollar in 1998, was not misaligned and the country's private businesses believed the peg should be retained.

"In our discussions with the private sector, particularly the manufacturers and traders, the feedback has been that the stability provided by the pegged exchange rate regime is beneficial and that it should be retained," Zeti Akhtar Aziz, Governor of the central Bank Negara, said.

"Our assessment is that the ringg

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