Bank Negara takes a firm stance

Adnan: ‘We are looking at ways to make the onshore market the market of choice. Rather than hedge in the offshore market they can hedge onshore.’

Central bank strives to control the spillover of NDF deals onto the onshore market

SEEING the ringgit lose about five sen overnight for consecutive days after strong moves by the dollar in the ringgit non-deliverable forward (NDF) market was the last straw.