1. Anwar was also asked whether Malaysia was prepared to raise its interest rates higher to support the ringgit. 2. Chang also said Gerakan Youth has launched a campaign to support the ringgit by urging the public to sell off their foreign currencies and converting them to ringgit. 3. However, he declined to reveal how much the central bank had spent to support the ringgit. 4. Mahathir said Friday he does not believe news reports that Soros had actually supported the ringgit when it was falling. 5. News that Malaysia registereda trade surplus in March, and that its foreign reserves remained steady atend-April could not support the ringgit. 6. Steps to support the ringgit include reducing imports and encouraging prudent spending, he said. 7. The fact that ringgit interest rates remained high helped to support the ringgit. |