# Dr M: No ringgit peg for now, changing currency an option | FMT

> Prime Minister Mahathir Mohamad said there is no need to peg the ringgit for now, though the government will study it as an option. He also said the government is considering cashless measures or currency changes to combat corruption, and the ringgit traded near 4.018 per dollar.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64771-dr-m-no-ringgit-peg-for-now-changing-currency-an-option-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Speculation about a ringgit peg adds currency uncertainty for Malaysian feed importers, though no policy change has been made.

## Read by commodity

- USDMYR: neutral

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/nation/2018/06/26/dr-m-no-ringgit-peg-for-now-changing-currency-an-option

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