Bank Negara Forex Scandal

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Bank negara forex scandal. Najib could have chosen any one of the dozens of scandals that mahathir left behind. In 1993 veteran dap leader lim kit siang was the first to raise the matter in parliament alleging then that bnm s forex losses was an estimated rm30 billion. The year was 1994 when lim kit siang found it ultra important to publish a book on the bank negara malaysia bnm foreign exchange scandal that caused the loss of rm30 billion estimated to be at rm49 billion in today s terms. Targeted repayment assistance better serves borrowers needs 19 oct 2020.

Najib has many options to choose from in how to hit back at mahathir. International reserves of bank negara malaysia as at 15 october 2020 22 oct 2020. Bank negara forex scandal. 1990s 30 billion loss in the early 1990s the bank negara malaysia bnm began to dabble in speculative currency trading and foreign exchange trading with large sums of money alarming other banking institutions worldwide.

Orders came from the top. The rm30 billion bank negara forex losses scandal still remains largely a mystery as the governemtn has refused up to date to allow a full public investigation as to how bank negara could speculate with such vast sums of public funds in the international forex markets and incur such colossal losses. Online ordering payment and delivery facility for sale of commemorative currency issued by bank negara malaysia 12 oct 2020. But najib chose the bank negara forex scandal to whack mahathir.

Bank negara forex scandal. Kuala lumpur june 15 pkr president datuk seri anwar ibrahim said he would welcome a reinvestigation of the bank negara malaysia foreign exchange scandal from the 1990s following the pointed suggestion of former prime minister datuk seri najib razak. Yesterday najib listed on facebook several. Lim went on to write a book titled the bank negara rm30 billion forex losses scandal on the matter and made regular calls for a rci to investigate the case.

For 20 years lim kit siang has been demanding an rci on the bank negara forex scandal. Welcome to the central bank of malaysia official portal. Kit siang also published a book on the bnm forex losses scandal. And this was done for a reason.