# Bank Negara eases dollar/ringgit transactions

> Bank Negara Malaysia eased some foreign exchange restrictions, allowing local banks to trade foreign currencies among themselves for transactions up to US$1 million. The restrictions had been in place since November 11, when the dollar spiked against emerging-market currencies.

- Date: 2017-02-08 · published 2017-02-08T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/72759-bank-negara-eases-dollar-ringgit-transactions
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Easing of capital controls improves onshore ringgit liquidity and modestly reduces pressure on the currency, slightly lowering import costs for feed ingredients.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nationthailand.com: https://www.nationthailand.com/international/30305953

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