Bank Negara spends US$1.9bil defending the ringgit

Members of the public will be able to replace their ATM cards at their banks for free.

PETALING JAYA: Bank Negara’s foreign exchange reserves fell by US$1.9bil (RM8.4bil) to US$96.4bil from US$98.3bil as the central bank used its reserves to stem the slide of the ringgit in recent weeks.

“The lower international reserves position reflected the liquidity support in the foreign exchange market,” Bank Negara says in a statement.