Probe into 1990s forex losses


With the exception of the yuan, won and Taiwan dollar, Asian currencies are expected to be in for a turbulent time in 2014.

PETALING JAYA: The Cabinet is setting up a task force to initiate an investigation into foreign exchange losses by Bank Negara in the 1990s.

Besides ascertaining the cause and actual quantum of losses, it will determine if there was any misconduct in the financial administrative procedures.

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Government , cabinet , Bank Negara , taskforce

   

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