BNM on Export Proceeds: Greater Flexibility, Less Volatility
Anushka Shah, Vice-President, Senior Analyst, Sovereign Risk Group, Moodyâ€™s Investors Service
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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.
Presented by: Melisa Idris, Tan Chung Han
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Categories: Personal Finance, Investments, Financial Literacy, Business Analysis, Trends and Forecasts, Markets
Tags: BNM, Bank Negara, Malaysia, Ringgit, Volatility, Export, Sovereign Credit Rating,