No ringgit peg change

Changes include extending the period for forward contracts from 12 months to "the tenure of the underlying transaction"; and allowing non-residents investing in ringgit-denominated bonds to trade forward contracts to hedge FX risk.

Irene Cheung, FX strategist at ABN Amro in Singapore, said: "Extending the tenure can be seen as a move towards flexibility and liberalisation."

But others said the regulations only provided a token liberalisation. They could even be viewed as a move to head-off

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: