Malaysia’s central bank said it will step up efforts to encourage foreign exchange inflows, including promoting the repatriation and conversion of companies’ overseas earnings.
According to Jin10, the central bank said in a Wednesday statement that the country’s solid economic fundamentals would continue to support the ringgit’s exchange rate.
After the statement was released, the ringgit’s decline narrowed. The ringgit has fallen 4.30% in June, making it the worst-performing currency in Asia.
The report said sentiment toward emerging-market currencies has been under pressure as expectations for U.S. interest-rate hikes have risen. It also said the ringgit has faced additional strain as political risks increased ahead of Malaysia’s two upcoming state elections.
Malaysia’s Central Bank Pledges Measures to Boost Foreign Exchange Inflows
2026-06-24 10:31:58
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