New fix for your ringgit

PETALING JAYA: In a move that Bank Negara views as a trading mechanics representing demand and the real supply for the ringgit, a fresh methodology that is repairing will come into effect beginning July 18. What this means is the present system, where the exchange rate between the US dollar and the ringgit is fixed based on quotes by national banks that are chosen, will be discontinued. Additionally, at about 11am, the exchange rate is [...]

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