Problems relating to Trade and Investment on Malaysia
12. Exchange controls |
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Issue |
Issue details |
Requests |
Reference |
| (1) Rapid Exchange Rate Fluctuations | - A member firm in direct trade with its local subsidiary in Malaysia (MFS) gains some exchange profit from lower yen that enables MFS's resale at special price level. Nevertheless, the bulk of MFS sales are made with thin profit so that should the transactions continue at higher yen, MFS will easily turn into deficits. | - It is requested that GOM endeavours to keep the exchange rate fluctuations within a few percents in 6-months. | |
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