KUALA LUMPUR: Bank Negara said it will discontinue a special deposit facility for exporters from next year, rolling back a measure that it had introduced last year to stem the currency’s slide against the US dollar.
Last December, the central bank clamped down on offshore ringgit trade and announced measures to boost liquidity and encourage more domestic trade of the ringgit as the currency fell to 13-month lows in the aftermath of Donald Trump’s US presidential election win.
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