Short-term rates close stable on Bank Negara operations

The proposed policy, it said, set out the legal obligations, requirements and standards that digital currency exchangers, which will be defined under the First Schedule of the AMLA, must carry out as reporting institutions.

KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb excess liquidity from the financial system.

The surplus in the conventional system eased to RM38.28bil from RM44.7bil earlier, while in the Islamic system, it fell to RM14.12bil from RM13.71bil previously.