ABM is supportive of new measures
Published on: Friday, December 09, 2016
Kuala Lumpur: The Association of Banks in Malaysia (ABM) has refuted reports that banks are benefiting from the recent measures to increase the demand for ringgit.In a statement, the association said bank customers were encouraged to shop around for banks which best meet their needs in terms of pricing, services and other considerations."The measures taken to stabilise the ringgit is for the longer term development of the onshore market and will result in less volatility of the ringgit against major currencies, especially against the US dollar, which is presently the main currency for the country's trade," said ABM.
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