UPDATE 1-Malaysia says no change to policy on ringgit peg

Newswire

KUALA LUMPUR, May 20 (Reuters) - Malaysia will make no change in its policy of pegging the ringgit to the dollar, Second Finance Minister Nor Mohamed Yakcop said on Friday. "Whatever I said earlier remains," he told reporters in reply to a question whether Malaysia would consider a change. Malaysia has repeatedly resisted calls from economists and international lending agencies to float the ringgit , fixed at 3.8 to the dollar since 1998 when Asian currencies were in free-fall during the ...

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