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2025-10-28 23:52:26
[Malaysia says it has reached an agreement with the United States to avoid foreign exchange manipulation] The Central Bank of Malaysia said in a statement, "The United States and Malaysia reaffirm their commitments under the Articles of Agreement of the International Monetary Fund to refrain from manipulating exchange rates or the international monetary system in order to prevent effective adjustment of the balance of payments or to gain an unfair competitive advantage." "Any macroprudential or capital flow measures will not target exchange rates for competitive purposes. In cases where intervention in the foreign exchange market may be considered, this should be reserved for addressing excessive and disorderly exchange rate fluctuations, and it is expected that this tool will also be applicable to addressing excessive or disorderly depreciation or appreciation."
