81. Malaysia has touted its economic recovery as an endorsement of capital controls. 82. Malaysia introduced its stringent capital controls last September and has been lobbying the international community to rewrite the global financial architecture. 83. Malaysia ignored an outcry from economists at the time and imposed capital controls and pegged the currency to the U.S. dollar to tame an economy-killing volatility. 84. Malaysia may review its strict capital controls imposed last year in response to the Asian economic crisis, a financial adviser to the government said Monday. 85. Malaysia moved in September to keep out currency traders by imposing selective capital controls and fixing the exchange rate of the ringgit. 86. Malaysia recently pegged its currency to the dollar and imposed draconian capital controls that effectively eliminated offshore trading in the ringgit. 87. Many have chided Malaysia for imposing selective capital controls and fixing the rate of the ringgit instead of allowing the markets to determine it. 88. Mahathir said the capital controls have triggered a stock market recovery, rising exports and external reserves, and higher job demand. 89. Malaysia imposed capital controls last September in a controversial effort to prevent its currency from being devalued by speculators. 90. Malaysia will not jettison its capital controls until international money flows are regulated, a top finance official said Monday. |