The programme was first introduced in 2016 to provide an avenue for investors to actively manage their foreign exchange risk exposure onshore.
The hedging programme was further enhanced last year to cater to the different growing needs of investors. The central bank also provided the option for investors to enter into forward contracts to buy the ringgit beyond the current 25 per cent threshold upon approval by Bank Negara. Last year, the central bank announced several other measures to liberalise foreign exchange administration policies. This was aimed at providing greater flexibility for corporates, market participants and investors to better manage their foreign exchange risk exposures.
Source: News Formal (newsformal.com)
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