# Bank Negara denies propping up ringgit after US places Malaysia under watch | Malay Mail

> Bank Negara Malaysia said it does not intervene to manage the ringgit and that the exchange rate is market-determined. The statement responded to the US Treasury adding Malaysia to its currency monitoring list, which the Treasury said met no manipulation criteria but warranted close attention.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59337-bank-negara-denies-propping-up-ringgit-after-us-places-malaysia-under-watch
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency-watch scrutiny adds pressure on the ringgit and creates uncertainty for Malaysian import costs, though no direct penalties apply.

## Read by commodity

- USDMYR: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2019/05/29/bank-negara-denies-propping-up-ringgit-after-us-places-malaysia-under-watch/1757383

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