This is with reference to the recent inaccurate and misleading media reports on Bank Negara Malaysia regarding alleged reasons for the volatility in the Ringgit exchange rate. 
 
The Central Bank wishes to reiterate that the current movements of the Ringgit are affected by both global and domestic developments. Global developments would include the investor expectations relating to monetary policies of major central banks and the trends in crude oil and gas prices. Domestic factors include concerns about government linked entities and ratings related issues. Uncertainty on any of these issues contributes to the volatility of the currency. While external developments are beyond the control of any open economy, every effort needs to be undertaken to bring about resolution to the domestic issues that confront our economy. Once these issues are resolved the performance of the currency is expected to be consistent with our sound economic fundamentals and growth prospects.
 
The Central Bank remains focused on its role and mandate in maintaining monetary and financial stability and to support sustainable economic growth. The Central Bank has never been and will not be drawn into any political agenda but will remain accountable for delivering its mandates to the people of this country.