Go elsewhere ———————– News Business Market Watch Metro Sports Lifestyle Entertainment Technology Education Mind Our English Columnists Photos Video Clips Last 7 Days 30-Day Archive RSS Mobile Edition What’s Hot Write to Us ———————– MyStar AllMalaysia. The move will give exporters greater control and flexibility in managing their foreign currency cash flow and more effectively settle their domestic and overseas transactions. Governor Tan Sri Dr Zeti Akhtar Aziz told a press conference that the objective was to enhance local companies' competitiveness, by allowing them to settle their transactions effectively. The ringgit was banned from being traded offshore in 1998 and was pegged to the US dollar, as part of the currency control introduced to put off currency speculators. She added that the focus now was on developing a vibrant and well-developed foreign exchange market in Malaysia. read more
[Tags], currency, control, effectively, foreign, market, forex news[/Tags]
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