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Topic: Malaysian Ringgit

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	Alexander's Gas & Oil Connections - Experts see steady ringgit in coming months
		26, 1998 The Malaysian ringgit is expected to hold around current levels in the next 3 months amid improving investor confidence in the currency, according to a group of exchange dealers.
		Economists and dealers said the ringgit would be supported by Malaysia's package of measures to strengthen its economy and financial sector.
		Malaysian Deputy Prime Minister Anwar Ibrahim said the ringgit was grossly undervalued.
	www.gasandoil.com /goc/news/nts81900.htm (452 words)

	Ringgit - Wikipedia, the free encyclopedia
		It has been suggested that this article or section be merged into Malaysian ringgit.
		Ringgit (Malay for "jagged") mostly refers to the Malaysian ringgit, which is the local currency in Malaysia, but it can also refer to the Singapore dollar and Brunei dollar in the Malay language.
		The word ringgit was originally used to refer to the serrated edges of Spanish silver dollars widely circulated in the area before the introduction of their own currency.
	en.wikipedia.org /wiki/Ringgit (116 words)

	RATE-EXCHANGE.org - Malaysia Currency / Malaysian Ringgit
		The ringgit is the national currency of the Federation of Malaysia, an alliance of former British colonies in Southeast Asia.
		Malaysians sometimes refer to the ringgit as the “dollar,” which is the old name for the country’s currency.
		The ringgit is divided into 100 sen. Denominations for coins are 1 sen, 5 sen, 10 sen, 20 sen, 50 sen and RM1.
	rate-exchange.org /currency/malaysian-ringgit.cfm (314 words)

	Foolish Feature, 10/28/97 - What Happened? Malaysia Timeline
		Investors are speculating that the Malaysian government might need to keep interest rates high in order to keep inflation at bay.
		Ringgit has already edged up from an exchange rate of 2.50 on July 11 to 2.63 today.
		Malaysian companies continue to be pressured as the falling ringgit makes their foreign debt much more expensive to repay.
	www.fool.com /Features/1997/sp971028WhatHappenedMalaysiaTimeline.htm (823 words)

	Welcome to FreshPlaza
		The Malaysian ringgit may extend this year's 3.6 percent advance as traders bet the central bank will permit more gains as the economy shows signs of expansion.
		The ringgit completed a second winning week in the five days through July 7 as reports showed exports and industrial production rose in May at the fastest pace in three months.
		The ringgit was at 3.6550 per dollar late July 7 in Kuala Lumpur, according to Bloomberg data.
	www.freshplaza.com /2006/10jul/ec_my_growth.htm (271 words)

	Asia Times - News and analysis from throughout Southeast Asia
		The Malaysian ringgit is currently pegged at 3.8 to the US dollar, a peg imposed in 1998 amid the Asian economic crisis.
		As the ringgit is pegged to the US dollar, the weakening of the US dollar against other major currencies has led to the ringgit trending downward against most major currencies in nominal terms, raising concerns that it is undervalued and therefore needs to be revalued.
		The report said the ringgit fell by 33.7%, 20.8% and 8.5% against the euro, yen and Singapore dollar over the last two years and predicted that local authorities would abandon the peg to contain inflationary pressures.
	www.atimes.com /atimes/Southeast_Asia/FL07Ae06.html (1062 words)

	Malaysian WEBS - A Lesson in Risk, and Some Recent Developments
		Many investors were surprised when in September of 1998 Malaysia's central bank introduced exchange controls to prevent capital from leaving the country and stabilize the exchange rate of the Malaysian ringgit (Malaysian currency).
		The Malaysian debacle embodies all three risks of investing abroad: currency depreciation risk, volatility of foreign markets, and the imposition of restrictions by foreign Governments.
		US investors were only able to cash out of their Malaysian investments in ringgits, except in the case that they had held their securities for more than one year.
	www.indexfunds.com /articles/1999_malay_iss_sect_RS.htm (422 words)

	The Malaysia Page - chronology
		The reasons given by Standard and Poor’s were that the current account deficit was 6% of GDP, the ringgit remained under threat, and their prediction that total credit to public and private enterprises would reach 170% of GDP.
		This pace is down sharply from the 1996 full year level of 17.1 billion ringgit." Other fears include the rising cost of labor in Malaysia and a looming property glut.
		The ringgit fell to M$2.7850 and the stock exchange fell to its lowest level since 1993.
	faculty.washington.edu /~karyiu/Asia/Malaysia/chrono.htm (2373 words)

	Malaysian palm oil ends flat -DAWN - Business; May 26, 2006
		KUALA LUMPUR, May 25: Malaysian crude palm oil futures ended almost unchanged on Thursday, after late profit-taking erased earlier gains that were fuelled by better-than-expected export numbers.
		Exports of Malaysian oil palm products for May 1-25 fell 12.8 per cent to 855,297 tons from the same period a month ago, cargo surveyor Societe Generale de Surveillance said earlier in the day.
		Also helping were the weak ringgit and the fact that the market had been oversold in the last five to six days.
	www.dawn.com /2006/05/26/ebr18.htm (343 words)

	IPD's Capacity Building and Journalism Program; Economic Journalism Training
		The ringgit's value was fixed at 3.80 ringgit to the dollar (about 10% higher then where it was trading in the market at the time).
		All ringgit that had been taken out of the country was ordered to be repatriated by the end of the month—although that deadline was later extended.
		The ringgit was somewhat undervalued at 3.8 ringgit to the dollar as other regional currencies were starting to strengthen, so there was less reason for people to evade the peg.
	www2.gsb.columbia.edu /ipd/j_capitalcontrols_malaysia.html (2142 words)

	MENAFN - Middle East North Africa . Financial Network News: LONDON, 9 August 2004 — Its potential is arguably much ... (Site not responding. Last check: 2007-11-06)
		Takaful penetration of the Malaysian insurance market is a meager 4.5 percent, compared with 36.7 percent for conventional insurance.
		Malaysian Takaful operators such as Syarikat Takaful; Takaful Nasional; Mayban Takaful; and Takaful Ikhlas, are under increasing pressure to break through the insurance market and to increase the market penetration of Takaful.
		In terms of vertical growth, the year-on-year growth of Takaful contributions increased in 2003 by 14 percent from 886 million Malaysian ringgit in 2002 to 1,104 million ringgit in 2003.
	www.menafn.com /qn_news_story_s.asp?StoryId=59917 (842 words)

	1997
		Donated Malaysian Ringgit 25,000 to a remote Mongolian self ruled village called Wo Feng Gou to refurbish the school and named "Loong Sang School of Hope" to provide education for the poor children.
		Xim Phou Moon donated Malaysian Ringgit 1,000 to Meng Seng Charitable Association as welfare fund.
		Xim Phou Moon donated Malaysian Ringgit 2,000 to Sri Ramakrishna Ashram as welfare fund.
	members.tripod.com /XPM/1997.html (1112 words)

	SW:Some Pains, Some Gains FEER Sep 17, 1009
		Singaporeans hold much of the 25 billion ringgit ($7 billion) that Malaysian officials say is outside the country, as well as an unknown amount of ringgit in Malaysian accounts.
		They are also heavily invested in Malaysian stocks, and young families own swaths of seafront property in Johor, the Malaysian state that borders Singapore.
		But if the capital controls were meant to repatriate floods of ringgit notes, they probably won't work: Malaysians bringing money home are subject to taxes, and for most offshore depositors, the rates will be "way in excess of 30 percent," a Singapore banker says.
	www.singapore-window.org /80917fe.htm (939 words)

	Asia Times - Malaysia's peg to stay, for now
		These include allowing non-residents to obtain ringgit loans to finance projects and properties in Malaysia, and allowing the settlement of ringgit assets by residents and non-residents to be made in either ringgit or foreign currency (previously was only in ringgit).
		They agree that the ringgit is currently undervalued but with expectations that demand is going to pick up and the fact that Malaysian exports are currently enjoying brisk sales abroad, the peg is likely to remain for some time.
		If Malaysia were to unpeg its currency now, the value of the ringgit would most certainly rise versus the US dollar, given the strength of GDP growth, the positive differential between the ringgit and US dollar deposit rates and strong external reserves.
	www.atimes.com /atimes/Southeast_Asia/EG19Ae02.html (1251 words)

	1999
		On the same night, a total of 5,500 Malaysian Ringgit were donated to 2 orphanages, 4 old folks homes and 3 handicapped homes.
		Xim Phou Moon donated 3,000 Malaysian Ringgit towards charity fund raising project held by a primary school in Ipoh.
		Xim Phou Moon donated 2,000 Malaysian Ringgit to S.J.A.M. Haemodialysis Centre as charity fund and 870 Malaysian Ringgit in aid of poor families of victims who suffered from Japanese Encephalitis.
	members.tripod.com /XPM/1999.html (638 words)

	Malaysian Ringgit Exchange Rates - North and South America - Current Exchange Rates
		Malaysian Ringgit exchange rates against currencies in North and South America for November, 03
		Exchange rates for the Malaysian Ringgit against foreign currencies from North and South America are displayed in the table above.
		The values in the Convert To column provide the quantity of foreign currency units that can be purchased with 1 Malaysian Ringgit based on recent exchange rates.
	www.exchange-rates.org /currentRates/MYR (181 words)

	Malaysian ringgit (via CobWeb/3.1 planetlab2.cs.umd.edu) (Site not responding. Last check: 2007-11-06)
		The Malaysian ringgit, unofficially also known as the Malaysian dollar, divided into 100 sen, is the monetary unit of Malaysia (currency code MYR).
		In 1837 the Indian rupee was made the sole official currency in the Straits Settlements, but in 1867 silver dollars were again legal tender.
		Since the Asian financial crisis of 1997, the ringgit has been pegged to the United States dollar at the fixed rate of RM3.80 to the dollar, although due to the recent fall in the value of the dollar There has been speculation of a repegging or perhaps a complete removal of the peg in 2005.
	malaysian-ringgit.iqnaut.net.cob-web.org:8888 (559 words)

	Order Malaysian Ringgit from Onlinefx for next working day delivery.
		Malaysian Ringgit = 100 sen. Notes are in denominations MYR100, 50, 10, 5, 2, 1
		The export of foreign currencies is limited to the equivalent of MYR10,000, more if it was declared on entry; except for Israeli and Yugoslavian, which require permission of the controller of foreign exchange.
		Permission is needed for the import or export of Malaysian notes by post and for the export of foreign notes by any other means.
	www.onlinefx.co.uk /fx/Stores/OnlineFX/malaysia.asp (282 words)

	ADB Issues Debut Malaysian Ringgit Bonds - ADB.org
		ADB's Putra ringgit bonds carry a semiannual coupon of 3.94% per annum and are priced at 2 basis points below the 5-year benchmark Malaysian Government Security.
		ADB's ringgit bond issue represents many firsts in the Malaysian capital market: first issue by a foreign entity; first supranational issue; and first issue rated triple-A by Fitch, Moody's, and Standard & Poor's.
		The commitment and understanding of all parties, in particular, the Ministry of Finance, Bank Negara Malaysia, and the Securities Commission, have been instrumental in facilitating the issuance of the bonds by ADB in a short timeframe.
	www.adb.org /Documents/News/2004/nr2004143.asp (553 words)

	Forex - Malaysian ringgit appreciates slightly after dollar peg removed - Forbes.com (Site not responding. Last check: 2007-11-06)
		KUALA LUMPUR (AFX) - The Malaysian ringgit appreciated slightly in cautious trade today after the central bank responded to China's yuan revaluation by scrapping the dollar peg in favour of a managed float.
		The ringgit, which had been fixed at 3.80 to the dollar since 1998, settled at 3.78 by the end of the day, dealers said.
		Analysts said they expect the ringgit, which was widely seen as undervalued, to eventually appreciate within a range of 3.50 to 3.70 to the dollar.
	www.forbes.com /home/feeds/afx/2005/07/22/afx2152209.html (516 words)

	Malaysia Ringgit and Malaysian currency information including currency exchange rates
		The ringgit (MYR, but more commonly referred to as RM), unofficially known as the Malaysian dollar, is the official currency of Malaysia.
		It was not until 1975 that Malaysia officially adopted the ringgit, which is pegged at 3.80 RM to the U.S. dollar.
		Because the ringgit, has been strong, ordinary market intervention by the central bank is limited to smoothing fluctuations, and has usually been concerned to hold the exchange rate down, rather than support it.
	www.gocurrency.com /countries/malaysia.htm (793 words)

	Forex - Malaysian ringgit gradually appreciating vs dollar after peg scrapped - Forbes.com (Site not responding. Last check: 2007-11-06)
		KUALA LUMPUR (AFX) - The Malaysian ringgit was appreciating gradually against the dollar in cautious trade after the central bank scrapped its currency peg in favor of a managed float in response to China's yuan revaluation, dealers said.
		By midmorning, the ringgit -- which has been set at 3.80 to the dollar since 1998 -- was attracting a bid price of 3.7800 and an offer price of 3.7850, they said.
		Analysts expect that the ringgit, which was widely seen as undervalued, will appreciate within a range of 3.50-3.70 to the dollar.
	www.forbes.com /markets/feeds/afx/2005/07/21/afx2151815.html (359 words)

	Guardian International Currency Malaysian Ringgit
		Ringgit banknotes are issued in the following denominations: 2, 5, 10, 20, 50, and 100 Ringgit.
		Foreign currency can be imported for free and exported for free up to amounts equivalent to or exceeding 10,000 Ringgit, special permission required for importing Israeli and Yugoslavian.
		Effective July 1999, notes of 500 and 1000 Ringgit ceased to be legal tender.
	www.guardianfx.com /information/australasia/malaysia.html (91 words)

	Malaysian ringgit on Find Articles (Site not responding. Last check: 2007-11-06)
		KUALA LUMPUR, Dec. 6 Kyodo Malaysian police are investigating two policemen who allegedly extorted 500 ringgit ($131.6) from a Japanese student last...
		KUALA LUMPUR, Nov. 14 Kyodo The Malaysian government has nullified a marriage involving a transsexual woman that grabbed headlines on the weekend,...
		KUALA LUMPUR, July 22 Kyodo Malaysian stocks fell Wednesday in line with the weaker ringgit against the U.S. dollar.
	www.findarticles.com /p/search?qt=Malaysian+ringgit&sn=90 (474 words)

	Calculator for Malaysian Ringgit (MYR) Currency Exchange Rate Conversion
		Malaysian Ringgit (MYR) Currency Exchange Rate Conversion Calculator
		To show Malaysian Ringgit and just one other currency click on any other currency.
		The Malaysian Ringgit is the currency in Malaysia (MY, MYS).
	coinmill.com /MYR_calculator.html (330 words)

	Malaysian Ringgit vs Canadian Dollar Reference Rate Spot Exchange Rate Price MYRCAX, Stock Quotes, Charts, Share Trades ...
		Get the Latest Malaysian Ringgit vs Canadian Dollar Reference Rate Spot stock Price, quotes, trades and FREE Malaysian Ringgit vs Canadian Dollar Reference Rate Spot stock charts, company information, annual reports, market news and announcements from ADVFN.
		We offer Intraday and historical stock prices for Malaysian Ringgit vs Canadian Dollar Reference Rate Spot (MYRCAX) and other GTIS Forex listed companies as well as company financials, Level 2 Data and the latest investor information from our stock market Message Boards.
		Receive the lastest Malaysian Ringgit vs Canadian Dollar Reference Rate Spot share price by texting afn q MYRCAX to 60030 and receive the current Malaysian Ringgit vs Canadian Dollar Reference Rate Spot share price, the bid and offer price as well as the day's high, low and opening prices.
	www.advfn.com /quote_Pulp_FX_MYRCAX.html (409 words)

	IFC Treasury - IFC Launches "Wawasan" Ringgit Bond Issue in Malaysia
		IFC is the first supranational to issue Islamic securities in the Malaysian market, and first supranational to issue domestic Islamic bonds in any market.
		"IFC is very pleased to launch in the Malaysian capital markets the first ever domestic Islamic bond issue by a supranational, and to support the government's objective of accelerating development of their capital market” said IFC Vice President, Finance and Treasurer Nina Shapiro.
		In his remarks launching the transaction, Tan Sri Nor Mohamed Yakcop, Minister of Finance II said, “I am happy to note that the IFC has decided to issue its inaugural bond in Malaysia in the form of an Islamic issue.
	www.ifc.org /ifcext/treasury.nsf/Content/PR_IFCLaunchesWawasan (610 words)

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