Bank Negara Governor is said to have offered to resign

Bank Negara Governor Tan Sri Muhammad Ibrahim said on Friday that from January 2021, the cheque fee will be increased from 50 sen to RM1.

KUALA LUMPUR: Bank Negara Governor Muhammad Ibrahim offered to resign from his post two years into his term, according to people familiar with the matter, who declined to be identified because the discussions are confidential.

The move comes less than a month after Prime Minister Tun Dr Mahathir Mohamad won a surprise election victory and his newly installed finance minister, Lim Guan Eng, raised questions about the central bank’s purchase of land from the previous administration.