Zeti’s recollection of the 1997 financial crisis


Zeti:

Zeti: Central bank only recommended controls related to speculators

KUALA LUMPUR: Twenty years ago, Malaysia was caught up in the turmoil of a currency crisis that began in Thailand and swept across Asia, battering economies, pushing millions into poverty and forcing governments to seek emergency bailouts.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Zeti Akhtar Aziz , Malaysia , crisis , rates

Next In Business News

New vessels to lift Orkim earnings prospects
Latest job stats point to a resilient economy
Japan firm eyeing to invest RM39mil in M’sia
Sunway-REIT posts�RM109mil 1Q26 net profit
CelcomDigi posts higher quarterly profit
Dialog records stronger 3Q26 net profit, revenue
Maybank completes RM1.2bil Tier 2 subordinated sukuk murabahah issuance
Ringgit closes higher against US$, major currencies ahead of US-China meeting
Dialog records stronger 3Q26 as it keeps focus on long-term plans
Citaglobal inks MOU with Indonesia's Lampung province on green infrastructure

Others Also Read