Johari: Speculative activity on ringgit rampant


KUALA LUMPUR: Malaysia will not impose any pegging or capital control on its currency to encourage investors, corporations and financial institutions to access the onshore market to undertake their forex and hedging activities in Malaysia, said Datuk Johari Abdul Ghani.

The Second Finance Minister said the ANZ and Macquarie Bank case is clear-cut evidence that such speculative activity is rampant in the offshore market.

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