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Ringgit peg removed, managed float adopted

Published: Jul 21, 2005 9:17 PM

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Updated: Jan 29, 2008 10:21 AM

Bank Negara today announced that the Malaysian Ringgit peg of RM3.80 to the US dollar has been abolished with immediate effect. The central bank's governor, Zeti Aziz, made the announcement in Kuala Lumpur this evening.

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