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Malaysia's central bank offers bigger room to hedge

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Published Fri, Dec 2, 2016 · 09:50 PM

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    Kuala Lumpur

    THE Malaysian central bank has decided to allow exporters to retain up to a quarter of their export proceeds in foreign currencies, and will provide for higher returns for ringgit-export proceeds that are kept in a special deposit facility.

    This is all part of a drive by Bank Negara Malaysia (BNM) to deepen Malaysia's financial markets, particularly liquidity in the foreign-exchange (FX) market.

    Bank Negara MalaysiaRinggit

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