EFTA Document EFTA01379391

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Malaysia Bank Negara Malaysia (BNM) has a dual responsibility of conducting monetary policy and fostering financial stability, including the FX market. The main policy instrument is the Overnight Policy Rate (OPR). On July 14 1997, during the Asian Financial Crisis, the ringgit was allowed to float. After falling by about 60%, the government on September 2, 1998, announced extensive capital controls and the country's re