Forex rules: Was a framework in place in Bank Negara between 1991 and 1993 to check the trading positions of its dealers?
TWENTY-FIVE years on, Malaysia is still grappling with the foreign-exchange (forex) losses chalked up by Bank Negara between 1991 and 1993.
The highlights after the first week of the hearing by a Royal Commission of Inquiry (RCI) set up to unearth the ghost of the past were the quantum of losses, and the aspersion that there was a deliberate suppression of information and an attempt to cover up the losses.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
