Ringgit strengthens 14.4pc vs USD in 3Q 2024; one of the best performing currencies globally

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KUALA LUMPUR, Oct 9 — The ringgit was one of the best-performing currencies globally in the third quarter of this year (...

The committee also discussed strategies to enhance the domestic bond and sukuk market, deliberating on measures to enhance liquidity and widen the investor base in the corporate bond and sukuk market.“In the near term, key initiatives include the introduction of corporate bond and sukuk trading as part of the assessment on market development efforts in the Principal Dealers’ framework.“It also includes investor engagement sessions with key industry stakeholders to familiarise non-residents with Malaysian corporate names and sukuk structures in addition to Malaysian government bonds,” it said.

FMC added that the current arrangement can be sustained to ensure better liquidity in the onshore forex market.

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Category: EconomyBusiness

Markets: MalaysiaMaliUnited States

Topics: Ringgit up

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 12:28:08 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 12 lines

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Copyright Owner: © Malay Mail

News ID: 22963597

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