Ringgit reform: Malaysia relaxes its FX regime
Aug 19, 2019
Malaysia girds for trade war by easing currency conversion rules
News the central bank is to relax regulations requiring exporters to convert proceeds into ringgit is being warmly received in the region.
A move by Malaysia’s central bank to relax export controls – which required exporters to convert as much as 75% of their proceeds into ringgit – may not boost the Malaysian currency in the near-term but will have a strong benefit for treasurers from exporting multinationals (MNCs).
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