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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , ringgit , volatile

   

Next In Nation

Man arrested, yaba pills worth over RM12,000 seized
Skywatchers out in force
Photo gallery: KKB by-election Nomination Day
KKB by-election: Live updates
Fahmi: No MPs from state objected when Territorial Sea Act passed in 2012
Tax returns submission deadline extended to May 15
Battle of competing narratives
Swift medical aid just a QR code away for haj pilgrims
AI content must not cross the line
Springtime celebrations

Others Also Read