Malaysia's Central Bank Steps Up Engagements to Boost Inflow to Forex Market
TEHRAN (ANA)- Malaysia's central bank said that it is engaging with government-linked investment companies, government-linked companies, corporations and investors to encourage continuous inflows to the foreign exchange market.
Bank Negara Malaysia (BNM) governor Abdul Rasheed Ghaffour in a statement said that the ringgit is undervalued. Given Malaysia's positive economic fundamentals and prospects, the ringgit ought to be traded higher.
Later in a few hours , the ringgit was trading at 4.7790 against the U.S. dollar.
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