# Proactive measures for smoother financial market, Dewan Negara told | Malaysiakini

> Deputy minister Eddin Syazlee Shith told the Dewan Negara that the government has taken proactive measures to stabilise the financial market. These include requiring most foreign exchange export proceeds to be converted into ringgit, and he said the currency's long-run value depends on economic fundamentals.

- Date: 2019-04-25 · published 2019-04-25T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59843-proactive-measures-for-smoother-financial-market-dewan-negara-told-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Requiring export proceeds to be converted into ringgit may support the currency and reduce dollar demand, which can ease import costs for feed buyers in Malaysia. The effect on feed prices is limited.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- staging.malaysiakini.com: https://staging.malaysiakini.com/news/473749-proactive-measures-for-smoother-financial-market-dewan-negara-told

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.