Ringgit peg not in M'sia's best interest - Bank Negara governor

Pegging the ringgit will not be in the best interest of Malaysia as it will have substantial risks, said Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus.

She said one risk is mirroring the monetary policy of the country that the local currency is pegged against.

Maintaining a peg would be very costly as it will take up a sizeable...