Right move to use the ringgit in international business
CAP applauds Bank Negara’s decision to relax the foreign exchange administration rules, to enable the ringgit to be used as a currency in international trade. The decision makes good economic sense. Had the decision been made earlier it could have saved local business millions of ringgit. CAP had in fact brought up this matter with Bank Negara and the Ministry of Finance in January 2008....
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