PETALING JAYA: There will be no foreign exchange risks from the Chinese renminbi-ringgit soft loan for the East Coast Rail Link (ECRL) as it will use a fixed exchange rate, Barisan Nasional strategic communications director Datuk Abdul Rahman Dahlan said.
“There will be no exchange rate exposure for us, as at the point of the first draw-down, the renminbi-ringgit exchange rate for loan repayment purposes will be fixed for the remainder of its duration.
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