PETALING JAYA: Bank Negara Malaysia said it has added trading platform BNM Adds Forex Broker OctaFX to Its Consumer Alert List – Fintech News Malaysia. BANGKOK: Myanmar's central bank has decided to inject over US$ million worth of foreign currency into the forex market to control. The central bank noted daily onshore foreign exchange transaction volume has been increasing throughout the year, reaching a current average of. KENILWORTH HORSE RACING BETTING FOR DUMMIES

Azman said in the initial years of the late s, the central bank was making a profit from forex dealings, but it got from bad to worse in the s. We were hoping for the market to turn our way, but the gap was widening. It was not possible to keep it under water ," he told a five-panel Royal Commission of Inquiry into the s forex scandal.

Azman, 54, currently BNM forex administration department director, started his career with the bank as its forex dealer from August to and reported to three different chief dealers, and then bank department manager Tan Sri Nor Mohd Yakcop, who was BNM advisor to top level management then. We were to trade on our own and comply with approved limit and lost limit. Azman said trading volume grew as time went by, as the bank was not making money. In the statement, BNM reiterated that the ringgit remains as a non-internationalised currency, any offshore trading of ringgit, such as ringgit NDF is not recognised.

It reminds all market participants to observe compliance with the existing FEA rules. The central bank also urged the public, including foreign fund and asset managers, to contact Malaysian licensed banks for advice and execution of any forex transactions. The ringgit ended the week at 4. The downward pressure on ringgit and emerging market currencies is mainly from the growing selling in the bond market amid expectation that the US Federal Reserve Fed may raise interest rate quicker than expected.

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