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Malaysia well-placed to handle currency contagion, Zeti says

Posted on 22 August 2013

Zeti Akhtar Aziz, Malaysia’s central bank governor comments on risk of currency contagion and the country’s narrowing current account surplus. She made these remarks to reporters in Kuala Lumpur after announcing the second-quarter economic growth.
On the risk of currency contagion: “We are seeing highly destabilizing capital flows and this is within our expectation because we earlier saw surges of inflow in our financial system. We received something like 70 billion ringgit in inflows in search of higher returns………………………………………..Full Article: Source


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