Don't hoard US dollar and worsen situation - BNM governor

There is no need to hoard or frontload US dollar purchases as while the current depreciation of the ringgit is due to the strength of the US dollar, corporate Malaysia can help in maintaining orderly market conditions by taking actions which do not exacerbate the situation, said Bank Negara Malaysia (BNM) Governor Nor Shamsiah Mohd Yunus.

She said BNM will ensure that the country’s onshore foreign exchange market remains liquid, so businesses can be assured that all their foreign currency needs can be efficiently fulfilled.

“So there is no need to...