Offshore ringgit trading down 70% after NDF curbs

Thu, Mar 30, 2017 - 5:50 AM

Singapore

MALAYSIA is succeeding in snuffing out currency speculation - now it has to deal with the fallout.

Offshore trading in ringgit non-deliverable forwards (NDFs) has dropped by about 70 per cent since policymakers took steps in November to deter foreign banks from trading

ringgit

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Offshore ringgit trading down 70% after NDF curbs

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