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Malaysian central bank chief: Ringgit is not reflecting fair value

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Central bank governor Muhammad Ibrahim said the ringgit is now priced more efficiently than last year, but questions remain on why it is far from reflecting its fair value.

Kuala Lumpur

MALAYSIA's central bank governor has said that the nation's currency is far from reflecting its fair value, signalling a desire for the exchange rate to build on its recovery from a sharp selloff last year.

The ringgit is now trading at its highest in over a year

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