Will the ringgit weaken in the wake of the US tax reforms and interest rate hikes?
PETALING JAYA: Bank Negara says there are encouraging signs of improvement in the balance of demand and supply of foreign currency that has resulted in a more efficient foreign-exchange (forex) market.
This is following the implementation of several initiatives, including the requirement that exporters convert 75% of their earnings back to ringgit.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
