KUALA LUMPUR: The ringgit is now priced more efficiently and increasingly more reflective of Malaysia’s strong fundamentals, as the influence of external factors have been squashed. However, it is far from reflecting its fair value due to misperceptions.
Bank Negara governor Tan Sri Muhammad Ibrahim attributed this to the measures introduced by the Financial Market Committee (FMC) and Bank Negara, which was part of an overall strategy to deepen and broaden the financial market.
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