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Monday, March 20, 2017

NAJIB OPENS THE FLOODGATES TO SPECULATORS: BANK NEGARA WILL KEEP SUPPORTING THE RINGGIT, INSISTS PM

KUALA LUMPUR – Prime Minister Najib Razak said on Monday the central bank will keep acting to support the ringgit and that moves already taken to stem its decline have stabilised the currency.
Bank Negara Malaysia (BNM) has taken several steps since late last year to support the ringgit, including asking for a written commitment from foreign banks to cease trading the currency on the offshore non-deliverable forwards market.
In December, the central bank announced measures to boost liquidity and encourage more domestic trade of the ringgit, including allowing exporters to retain only up to 25% of export proceeds in a foreign currency.
“Although it has been only two months since the announcement of these measures, there are signs showing encouraging results,” Najib said in reply to a question in parliament.
“The most important is that the ringgit has shown significant stability since these measures became operational,” he said.
The prime minister said Malaysia’s international reserves “will continue to be used to stop volatility in the currency market”.
Malaysia’s gross international reserves were $95 billion as of Feb. 28, unchanged from Feb. 15, according to the central bank.
Najib also said BNM will introduce “liberalisation” moves from time to time to develop the foreign exchange and bond markets, and enable businesses to manage currency exposure. He did not give any details.
In 2016, the ringgit weakened by about 4.3% against the dollar.
On Jan. 4, the currency hit a 19-year low of 4.4980 to the dollar. But so far this year, it has strengthened 1.2% and on Monday was trading around 4.4290 to the dollar.
– FMT

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    ASS..WR.WB.SAYA pak alresky TKI BRUNAY DARUSALAM INGIN BERTERIMA KASIH BANYAK KEPADA EYANG WORO MANGGOLO,YANG SUDAH MEMBANTU ORANG TUA SAYA KARNA SELAMA INI ORANG TUA SAYA SEDANG TERLILIT HUTANG YANG BANYAK,BERKAT BANTUAN AKI SEKARAN ORANG TUA SAYA SUDAH BISA MELUNASI SEMUA HUTAN2NYA,DAN SAWAH YANG DULUNYA SEMPAT DI GADAIKAN SEKARAN ALHAMDULILLAH SUDAH BISA DI TEBUS KEMBALI,ITU SEMUA ATAS BANTUAN EYANG WORO MANGGOLO MEMBERIKAN ANGKA RITUALNYA KEPADA KAMI DAN TIDAK DI SANGKA SANGKA TERNYATA BERHASIL,BAGI ANDA YANG INGIN DIBANTU SAMA SEPERTI KAMI SILAHKAN HUBUNGI NO HP EYANG WORO MANGGOLO (0823-3744-3355) JANGAN ANDA RAGU ANGKA RITUAL EYANG WORO MANGGOLO SELALU TEPAT DAN TERBUKTI INI BUKAN REKAYASA SAYA SUDAH MEMBUKTIKAN NYA TERIMAH KASIH
    NO HP EYANG WORO MANGGOLO (0823-3744-3355)
    BUTUH ANGKA GHOIB HASIL RTUAL EYANG WORO MANGGOLO

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    angka;GHOIB: singapura

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    angka”GHOIB; sidney

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