Coordinated efforts strengthened ringgit, no plans for capital controls

Ongoing coordinated efforts by government-linked companies (GLCs), government-linked investment companies (GLICs), corporates and businesses have strengthened the ringgit, Bank Negara Malaysia (BNM) said today.

Since Feb 26, the ringgit has been the only regional currency that has strengthened against the US dollar, gaining 0.6 percent, it said, noting that it was discussed at the Financial Markets Committee (FMC) meeting today…