Malaysia

Malaysia rules out ringgit free-float

Malaysia's central bank ruled out any moves to free-float the ringgit on Wednesday 25 May, warning it could lead to volatility but said it was open to opportunities for a better exchange mechanism.

Malaysia to maintain currency peg

Malaysia will maintain its seven-year-old currency peg to the US dollar and has no plans to impose measures to curb the flow of speculative funds into the economy, Deputy Prime Minister Najib Razak said on Thursday 19 May.

Malaysia's Zeti on the Islamic financial system

In the speech 'Brief overview of the Islamic financial system' given on 15 April Dr Zeti Akhtar Aziz of the Central Bank of Malaysia said with the strengthened Islamic financial infrastructure now being firmly achieved in the first phase of the Financial…

ADB: Malaysian ringgit peg reform long overdue

The Asian Development Bank's top economist said on Tuesday 3 May that it is time for Malaysia to relax its currency peg and strong economic fundamentals will allow the country to adopt a more flexible exchange rate fairly smoothly.

Malaysia says reserves well-diversified

Malaysia's international reserves are well-balanced and not excessive in US dollar holdings, Bernama news agency reported, quoting Bank Negara Malaysia (BNM) Deputy Governor Ooi Sang Kuang.

Malaysia's Zeti on Bank Negara's LINK

In the speech 'Bank Negara Malaysia LINK' given on 25 February, Dr Zeti Akhtar Aziz of the Central Bank of Malaysia said the establishment of Bank Negara Malaysia LINK takes the central bank's public outreach programme to a higher level.

Launch of Malaysia's Financial Mediation Bureau

In a speech given on 20 January Dr Zeti Akhtar Aziz of the Central Bank of Malaysia said the scope of the Financial Mediation Bureau has been expanded to cover Islamic banks and development financial institutions, as well as selected payment system…

Bank Negara's reserves reach new high

Bank Negara Malaysia's foreign reserves reached a new high of RM264.66 billion (US$69.64 million) in the second half of January, due partly to larger inflow of portfolio funds.

Malaysia issues new polymer notes

Bank Negara Malaysia has issued 80 million pieces of the more durable RM5 polymer banknotes for circulation nationwide, Bank Negara assistant governor Datuk Mohamad Daud Dol Moin said.

Malaysia set to launch plastic money soon

Malaysia's central bank said on Thursday 21 October that it will launch plastic banknotes next week, joining a growing trend for the more durable 'paper' money.

Aziz on creating an Islamic Financial System

In the speech 'Towards creating an Islamic Financial System as an integral part of the International Financial System - strategies and challenges' given on 21 September, Zeti Akhtar Aziz of the Central Bank of Malaysia said that as Islamic finance…

Malaysia's Zeti on Islamic banking & finance

In a speech on 'Current issues and developments in Islamic banking and finance' given on 25 August, Zeti Akhtar Aziz of the Central Bank of Malaysia said that to harness the full potential of the Islamic financial system, genuine endeavours to strengthen…

Bank Negara Malaysia - Annual Report 2003

The Central Bank of Malaysia has published its Annual Report for the year ended 2003. The more optimistic global environment and stronger domestic economic conditions have enhanced Malaysia's prospects as we advance into 2004, the annual report says.

BNM's Zeti on investing in the new Malaysia

In a speech on 'Remaking Malaysia: Investing in the New Malaysia' given on 3 August, Dr Zeti Akhtar Aziz of the Bank Negara Malaysia said during this period of strong fundamentals and rising potential for economic expansion, Malaysia has the flexibility…

Duisenberg plans visit to Kuala Lumpur

Former European Central Bank President Wim Duisenberg will visit Kuala Lumpur in September to deliver a talk on "The Euro and Asia", to be hosted by ABN AMRO Bank Bhd, the Malaysian Dutch Business Council (MDBC) and the Royal Netherlands Embassy, Bernama…

Malaysia's Zeti on the new capital accord

In the speech 'Enhancing the soundness of the banking sector - The New Capital Accord' given on 15 April Zeti Akhtar Aziz of the Central Bank of Malaysia said despite the increased sophistication of the regulatory capital framework and internal economic…

A case for removing the ringgit peg in Malaysia

This article looks at Malaysia's ringgit peg, saying that the US dollar's fall has posed questions over its viability. It argues for an immediate restoration of the free float regime, which applied before the local currency was fixed to the US dollar in…

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