Malaysia Re-Introducing Capital Controls Not Ruled Out: BofAML

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Mani
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Plunging Malaysia Ringgit

Following the Malaysian ringgit plunging below RM4/USD, concerns that Bank Negara Malaysia may re-introduce capital controls are resurfacing, and the analysts at BofAML argue one can no longer rule out the possibility. Hak Bin Chua and team at Bank of America Merrill Lynch in their August 13, 2015 research report titled: “Malaysia: the drastic option – capital controls,” however note the current crisis has not reached the extreme stress seen during the Asian financial crisis almost 20 years ago. Malaysia’s forex reserves dropped below $100 billion Chua and colleagues point out that Malaysia’s FX reserves have dropped below the $100…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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