This article is 2 years old
No capital controls, currency peg as ringgit trades near 24-year low
Malaysia will not impose capital controls or peg the ringgit to the US dollar, the central bank said on Friday, as the currency trades near a 24-year low.
The ringgit has dropped nearly 9.0 percent this year, in line with a slide in other emerging market currencies, as the US dollar has strengthened.
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