Saturday 26 November 2016

Bank Negara Malaysia. Hijau

Is the 1990 hit for Zainal Abidin. The lyrics to the song, goes something like this :

Dewasa ini kita saling merayakan
Kejayaan yang akhirnya membinasakan
Apalah gunanya kematangan fikiran
Bila dijiwa kita masih lagi muda dan mentah
Ku lihat hijau

Nasional Bank of Australia, short of calling Bank Negara Malaysia' "HIJAU" said in a REPORT The Malaysian central bank's attempt to use moral suasion to support its currency threatens to backfire, increasing pressure on the ringgit and potentially hurting growth.

NAB pointed to concerns over Bank Negara Malaysia's warning to foreign banks to restrict trading in offshore non-deliverable forwards (NDFs) on the currency, which had fallen further than the spot rate.

In a note titled "Malaysia – Truly awkward," which played on Malaysia's tourism advertising slogan, "Malaysia, truly Asia, NAB said, it expects the dollar would fetch as much as 4.85 ringgit at the end of 2017,