KUALA LUMPUR, Nov 1 — The government does not intend to peg the ringgit and impose foreign exchange (forex) controls as Malaysia did during the Asian financial crisis in 1998, since it is unsuitable for dealing with current challenges, said Deputy Finance Minister II Steven Sim Chee Keong.

KUALA LUMPUR, May 13 — Pegging the ringgit will not be in the best interest of Malaysia as it will have substantial risks, one of which is mirroring the monetary policy of the country that the local currency is pegged against, Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said.