ASEAN KEY DESTINATIONS
Ringgit reaches new high against dollar
Malaysia registered a superlative 9.5 percent Gross Domestic Product (GDP) growth in the first six-months but it contracted by 5.1 per cent in the same period last year.
The Ringgit has risen to a 13-year high versus the US Dollar.
As Malaysia becomes more open, it was likely to be vunerable to external developments, she said on the sideline of the Islamic Development Bank's RM1 billion Sukuk listing on Bursa Malaysia here Tuesday.
The significant volatility in the international financial market would continue due to the uncertainties mainly arising from developments in advanced economies, said Zeti.
However, given the fact that maintaining an orderly market was important, the central bank would only intervene if there was any sudden or excessive movements.
"We will be there to ensure orderly market conditions (but) we have no target and we do not affect the underlying trend of the currency," said Zeti.
On other developments, she said the central bank did not see a need to make any changes in the country's currency reserves composition.
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