The Central Bank of Malaysia promises to take stronger measures to promote the inflow of funds.
On June 24, the Bank Negara Malaysia issued a statement indicating that they will increase efforts to encourage foreign exchange inflows, including promoting the repatriation and conversion of overseas earnings by businesses. The country's strong economic fundamentals will continue to support the Ringgit. Following the statement, the Ringgit slightly narrowed its decline and the exchange rate against the US dollar remained stable at 4.1423. The Ringgit fell by 4.30% in June, making it the worst performing currency in Asia.
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