Article Search : En. Zainal Abidin Ahmad (Penolong Akauntan)

Source : https://www.sinarharian.com.my/article/659559/bisnes/konflik-timur-tengah-bnm-bersedia-pastikan-pasaran-kewangan-kekal-teratur

Bank Negara Malaysia (BNM) on Monday stated that it is ready to use the available instruments to ensure that the Malaysian financial market remains orderly and continues to function efficiently in a state of ongoing geopolitical tension.

"BNM continues to monitor financial market conditions closely and will manage any risk arising from financial market volatility," he explained in a statement following Prime Minister Datuk Seri Anwar Ibrahim's statement on the Middle East conflict.

The central bank informed that it had held an engagement session with financial market participants, including the head of treasury operations, who agreed that any uncertainty would diminish and stabilize as geopolitical tensions subsided.

BNM's market operations will ensure adequate liquidity as well as the regular functioning of the foreign exchange market, he stressed.

"This is supported by ongoing initiatives being implemented with government-linked companies (GLCs), government-linked investment companies (GLICs), corporate companies and exporters to continue to bring in flow and liquidity into the foreign exchange market," added the central bank.

Prime Minister Datuk Seri Anwar Ibrahim said the government is now closely monitoring the development of the conflict in the Middle East and also the state of the financial market, including the potential impact on Malaysia.

"The government will act wisely to strengthen the country's economic and financial stability. The government also takes into account any factors that may affect Malaysians," said Anwar who is also the Finance Minister.

Date of Input: 18/04/2024 | Updated: 18/04/2024 | muhammad.isam