Malaysia is not a currency manipulator: BNM
Bank Negara today dismissed a claim by the US treasury that Malaysia is manipulating its currency.and does not engage in unfair currency practices.
It added that once making the list, a country will remain listed for at least two consecutive foreign exchange policy reports to ensure that any improvement in performance is durable and is not due to temporary factors. "The Malaysian economy remains resilient, underpinned by strong economic fundamentals, including the flexibility accorded by a floating exchange rate and strong external balance," the statement read."The ringgit exchange rate is market-determined and is not relied upon for exports competitiveness.
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