# Offshore ringgit trade is against Malaysia's policy: Bank Negara Malaysia | The Straits Times

> Bank Negara Malaysia stated on August 9 that ringgit futures on SGX and ICE, and their offshore trading, are inconsistent with Malaysian foreign exchange policy. The bank recalled its November 2016 action forcing offshore traders to stop trading the ringgit on the NDF market.

- Date: 2017-08-09 · published 2017-08-09T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69730-offshore-ringgit-trade-is-against-malaysia-s-policy-bank-negara-malaysia-the
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The policy stance on offshore ringgit trading affects currency market structure rather than farm commodity supply or demand, so its price impact on feed is negligible.

## Read by commodity

- USDMYR: neutral

## Sources

- straitstimes.com: https://www.straitstimes.com/business/economy/offshore-ringgit-trade-is-against-malaysias-policy-bank-negara-malaysia

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