Malaysia’s central bank does not see a need to peg the ringgit to any other currency, governor Zeti Akhtar Aziz said.

“I want to emphasise that we do not want to peg the currency,” Zeti told reporters. “We’ve moved on from capital controls,” she added.

The ringgit has fallen 12.32 percent this year, making it one of the worst performing Asian currencies.

- Reuters