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The Business Station
BNM on Export Proceeds: Greater Flexibility, Less Volatility
4 mins·09:15, 7 Sept 2018
BNM on Export Proceeds: Greater Flexibility, Less Volatility
4 mins
·
09:15, 7 Sept 2018
·
Recommended
43 mins
Bank Negara gave Malaysian exporters more flexibility in managing export proceeds. They can now transfer export proceeds to onshore accounts to meet up to 6 months of foreign currency obligations, without the need to first convert proceeds into ringgit.
Anushka explains why this latest measure is seen as 'credit positive' for Malaysia.
Presenter: Melisa Idris, Tan Chung Han
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