Najib: Economic fundamentals sound, no need for Ringgit peg, capital controls

Bernama

PUTRAJAYA: Despite the depreciating value of the Ringgit, Malaysia will not impose capital controls or peg the currency to the US Dollar, said Prime Minister Datuk Seri Najib Tun Razak (pic).

Najib, who is also Finance Minister, said this was because Malaysian economic fundamentals remained sound and that the currency devaluation was largely due to the "overwhelming strengthening" of the US Dollar.