Bank Negara takes steps to increase demand for ringgit

Stronger ringgit: Year-to-date, the ringgit has gained 2.05% against the US dollar, which makes the Malaysian currency one of the top performers in the region so far this year.

PETALING JAYA: Bank Negara announced several measures to increase the demand for the ringgit and reduce its volatility against the US dollar.

Among the measures are that exporters are to convert 75% of their proceeds into ringgit effective Monday.