Monday, February 06, 2012

Bank Negara FX Liberalisation

As announced on Jan 30, 2012, the new measures basically open up the way for domestic participants in the capital markets to engage in new fx related instruments for example margin fx trading witht eh domestic banks.... but non Ringgit related. If the participant converts ringgit into say us dollars, euros or aussie dollars, they are free to invest that foreign currency in whatever they want be it domestically created products or foreign products. Opens up a whole new world of trading opportunities....

So, in terms of Bursamalaysia stocks, banks/financial institutions to be rerated upwards?



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