RM8.85bil in foreign currency proceeds repatriated to Malaysia

At 9 am(0100gmt), the local unit was traded at 4.4570/4620 against the US dollar from 4.4560/4600 on Monday.

KUALA LUMPUR: Companies have repatriated US$2bil (RM8.85bil) in foreign currency export proceeds in three months since December last year, Bank Negara said.

Prior to this, a substantial portion of the export proceeds were kept overseas.