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Bank Negara Malaysia said in its 2024 annual report that structural reforms, not reserve spending, are needed to address long-term ringgit pressure. The ringgit has averaged 4.41 per dollar over six months.
The central bank is also facing a reported cash crunch among three central banks.
Limited use of reserves means the ringgit may stay exposed to swings, which can change the dollar price of Malaysian palm oil.
malaymail.comMar 24, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
