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Thursday, August 19, 2010

FX news: Malaysian central bank relaxes FX rules; ringgit hits 13 year high against the dollar

by Alexandra Fletcher


Bank Negara Malaysia (BNM), the central bank, announced yesterday evening that it has ‘liberalised’ the rules on FX transactions to improve international business links.

Last night’s news comes shortly after Malaysia announced its growth figures, which saw the economy grew 8.9% year-on-year in the second quarter, and the ringgit (MYR) became...


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