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Malaysia central bank pledges stronger measures to boost inflows

The ringgit, down 4.30 per cent in June, is little changed after the statement at 4.1423 versus the US dollar

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Published Wed, Jun 24, 2026 · 10:43 AM
    • The country’s solid economic fundamentals will continue to underpin the ringgit, Bank Negara Malaysia said in a statement on Jun 24.
    • The country’s solid economic fundamentals will continue to underpin the ringgit, Bank Negara Malaysia said in a statement on Jun 24. PHOTO: REUTERS

    MALAYSIA will intensify measures to encourage foreign exchange inflows, including efforts to boost the repatriation and conversion of companies’ overseas earnings, the central bank said.

    The country’s solid economic fundamentals will continue to underpin the ringgit, Bank Negara Malaysia said in a statement on Wednesday (Jun 24). The currency trimmed a small loss after the statement and is little changed at 4.1423 versus the US dollar. 

    The ringgit has fallen 4.30 per cent in June to become the worst performer in Asia.

    The Malaysian currency has taken a hit as expectations for US interest-rate hikes hurt sentiment for emerging-market currencies and as political risk rises ahead of two upcoming state elections, with the southern state of Johor slated to hold its polls on Jul 11. BLOOMBERG

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