Ringgit ‘far from reflecting its fair value’ – BNM governor

BNM's Ibrahim says ringgit is “priced more efficiently” but still “far from reflecting its fair value”

The Malaysian ringgit is “far from reflecting its fair value”, Muhammad bin Ibrahim, governor of Bank Negara Malaysia, said in a speech on November 17.

Having plunged to its lowest point in more than a decade in November 2016, Ibrahim said the ringgit is now “strengthened”, “greatly stabilised” and “priced more efficiently and increasingly more reflective of Malaysia’s strong fundamentals”.

Yet, “numerous” research pieces on real effective exchange rates have indicated the ringgit is “one of

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