RM Pegging on US Dollar Removed !!

In an immediate response to China's action to remove their currency peg, Bank Negara has announced yesterday that the exchange rate of RM will be allowed to operate in a "managed float", with its value being determined by economic fundamentals.

For further reading:

• Malaysiakini
• Utusan Online
• Berita Harian
• The Star
• Sin-Chew