IMF Supportive Of Malaysia's Currency Move, Says PM Najib

From Leslean Arshad LIMA (Peru), Nov 21 (Bernama) -- The International Monetary Fund (IMF), supportive of Malaysia's currency move, has acknowledged that the ringgit's current volatile movement is beyond the country's control. IMF Managing Director Christine Lagarde conveyed her views on the matter to Prime Minister Najib Razak during an unofficial dialogue held on the sidelines of the APEC Leaders Meeting on Sunday. "She (Lagarde) is supportive of Malaysia 'floating the currency as the best line of defence' as the ringgit's movement were 'beyond our control", the prime minister (front row, right) told Malaysian journalists after the APEC Leaders Meeting. As for US-APEC Business Coalition meeting, he said Moody's (representative) was present but the credit rating official did not say that Malaysia was in a state of emergency. "Hence, if people say Malaysia is in a state of emergency, it is just politically motivated," he added (photoBERNAMA). -- BERNAMA