BNM's discretion to compel exporters to convert proceeds into ringgit, says Zafrul | TheStarTV.com

BNM's discretion to compel exporters to convert proceeds into ringgit, says Zafrul

Published on 10 Jul 2023 4:30:12 PM

The government will leave it to Bank Negara Malaysia (BNM) to decide whether exporting companies should be compelled to convert their export proceeds into ringgit, said Tengku Datuk Seri Zafrul Abdul Aziz.

The Investment, Trade and Industry Minister said that on Monday (July 10) and called for local companies, especially government-linked companies (GLCs), to play a role in supporting the growth of the ringgit and not just leave the responsibility solely to the government.

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Keywords
news, miti, ringgit, bnm, zafrul tengku abdul aziz, us dollar, currency, government, bank negara, investment, trade and industry minister, malaysia

The government will leave it to Bank Negara Malaysia (BNM) to decide whether exporting companies should be compelled to convert their export proceeds into ringgit, said Tengku Datuk Seri Zafrul Abdul Aziz.

The Investment, Trade and Industry Minister said that on Monday (July 10) and called for local companies, especially government-linked companies (GLCs), to play a role in supporting the growth of the ringgit and not just leave the responsibility solely to the government.

Read more at https://tinyurl.com/88b96ntw

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, miti, ringgit, bnm, zafrul tengku abdul aziz, us dollar, currency, government, bank negara, investment, trade and industry minister, malaysia

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