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BNM confirms forex intervention but says no to capital controls

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As the Malaysian ringgit slipped past 4.40 to the US dollar on Friday amid the greenback's surge, Malaysia's central bank confirmed its intervention in the currency market.

Kuala Lumpur

AS the Malaysian ringgit slipped past 4.40 to the US dollar on Friday amid the greenback's surge, Malaysia's central bank confirmed its intervention in the currency market. It gave no details but stressed that capital controls were off the table.

Bank Negara Malaysia (

sentifi.com

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