Article Related To peg ringgit

The government has no plans to peg the ringgit to the US dollar as such a move is fraught with high risks and a large trade-off, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Pegging the ringgit during the COVID-19 crisis is not appropriate, given the issues confronting the nation are related to health and economic integration.

Malaysia refused aid from IMF and unorthodox measures such as strict capital controls and pegged the Ringgit to the US Dollar at RM3.80 after it fell to an historic low of RM5.20 versus the dollar.

The Ministry of Finance today assured investors that Malaysia will not peg the ringgit or impose capital controls despite the recent volatility faced by the local note.

Bank Negara Malaysia will not peg the ringgit despite the recent volatility the currency has been facing due to external enviroment, Governor Datuk Muhammad Ibrahim announced today.

There is still no need to peg the ringgit to the US dollar currently despite the continued downtrend of the local unit, says Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz.

The government will not impose capital controls or implement a peg for the ringgit to the greenback, said Prime Minister Datuk Seri Najib Razak.

Bank Negara will not peg the Ringgit like it did during the 1997/1998 financial crisis, said its Governor Tan Sri Dr Zeti Akhtar Aziz.

The government has no plans to peg the ringgit against the US dollar to address its depreciation, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

The current situation is different from the 1997-1998 financial crisis when such measure was taken as Malaysia's economy is now on a strong footing.

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