KUALA LUMPUR -- Malaysia's central bank said Friday that exporters must convert into ringgit 75% of their proceeds made in foreign currency to correct liquidity imbalances.
The export-oriented country has enjoyed trade surpluses since 1998, but the conversion of earnings made from overseas trade into ringgit has been declining. Only 1% of total trade between 2011 and 2015 was exchanged into the Malaysian currency, compared with 28% in the prior five years.
