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Forex RCI: Bank Negara losses affected Malaysia’s economy


KUALA LUMPUR: Bank Negara Malaysia’s (BNM) losses due to foreign exchange (forex) dealings between 1992 and 1994 had a huge impact on the nation’s economic development, according to the Royal Commission of Inquiry (RCI).
 
“The huge losses had a significant negative impact on the economy of the country, whereby it deprived the country of development opportunities.

   

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