Me Baby, is a 1981 funky hit for Rick James.
And it looks like Bank Negara wants to give it to the currency speculators.
Will this intervention work, considering in the backdrop to this currency story, is a potential disaster meeting between the Red and Yellow shirts in Kuala Lumpur Tommorow.
Bloomberg has the story. Read it Below :
Malaysia Central Bank Says It’s Intervening in Currency Market
Malaysia’s central bank said it’s intervening in the currency market as policy makers across the region contend with exchange-rate volatility.
Fears of capital controls are "baseless" and it’s too damaging and risky to have such measures, Bank Negara Malaysia Assistant Governor Adnan Zaylani told reporters in Kuala Lumpur on Friday.
He said "yes" when asked whether the central bank was currently intervening in the foreign-exchange market.
The ringgit dropped 0.4 percent as of 11:50 a.m. in Kuala Lumpur, and touched 4.4150 per dollar, the weakest since January.
