Hedging ringgit: Treasurers need liquidity not ‘assurance’
Malaysia’s PM promises to deliver some ‘liberalisation’ in the domestic FX market in the future, months after the country banned the offshore NDF market. But the lack of detail is disappointing.
Speaking on March 20, Malaysian Prime Minister Najib Razak offered limited comfort and assurance to firms suffering from the ringgit’s depreciation, saying the currency had stabilised after the central bank introduced a series of measures since last year and that more liquidity would be made available in the foreign exchange market.
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