Bank negaras forex losses

Bank negaras forex losses

6/6/ · Bank Negara’s forex losses in the past two years could total as high as RM30 billion, making it the biggest financial scandal in Malaysia as well as a world-class financial scandal. There was in fact a conspiracy of disinformation and misinformation to ‘cover up’ the real nature, cause and magnitude of Bank Negara forex losses in the past two years Estimated Reading Time: 7 mins 6/26/ · KUALA LUMPUR: A Royal Commission of Inquiry (RCI) can reveal more details on the foreign exchange (forex) losses suffered by Bank Negara (BNM) in the s and s, said Tan Sri Mohd Sidek Hassan. The chairman of the Special Task Force (STF) to probe the forex losses said the figure was greater than what was disclosed 8/30/ · PUTRAJAYA: Former Bank Negara Malaysia (BNM) deputy governor Tan Sri Lin See Yan today admitted that the bank was in fact, covering up the massive losses made by speculative foreign exchange (forex) trading in the s. In his testimony during the fourth proceedings of the ongoing Royal Commission of Inquiry (RCI) into the forex losses amounting Estimated Reading Time: 3 mins

Bank Negara’s Forex Losses to be Presented to King | The Global Dispatch

Again I should thank Kit Siang for writing all this, making it easier for me to see what he had written on the issues he raised in bank negaras forex losses past.

InKit Siang called upon Nor Mohamed Yackop who then was sworn in as a Senator to become Finance Minister II to issue a White Paper on the matter. But while these funds enter the market no more than once or twice a year, Bank Negara is coming in and doing yards billions of dollars a day.

Millman on Page had this to say about the Bank Negara forex scandal:. By trading for profit, Bank Negara committed apostasy against the creed of central banking. The bank seldom spoke publicly about its controversial trading activities. It became the most awesome currency trader in the world.

The only rule was the rough justice of the vandals, and it was this rule that eventually brought Bank Negara down. It was a bad economic and political judgement, bank negaras forex losses. Recently, Abdul Murad Khalid who was the Assistant Governor of BNM who resigned in revealed that the forex losses were in actual US Dollars and not in Malaysian Ringgit.

The so-called champion of the rakyat now has his balls as wrinkled as his face is. And all to achieve his personal political ambition. We also know that U-Turn Mahathir as well as Daim Zainuddin were very much in the know of the losses.

And we know that Lim Kit Siang is just another opportunist snake manipulating the issue to gain support from the rakyat but now bats no eyelid to work hand-in-hand with his sworn enemy so he could come into power.

I am pretty sure he feels pleased looking at himself in the mirror every morning knowing he had blatantly lied to the people. You must be logged in to post a comment. Skip bank negaras forex losses content Kit Siang also published a book on the BNM Forex losses scandal Yes. It was Kit Siang who pointed out the irony. Anwar said that the bank negaras forex losses was not true at all. Share this: Print Email Facebook Twitter, bank negaras forex losses.

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FD FINC 7313-THE CRISIS OF BNM FOREX LOSSES_Key Factors

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RM30 BILLION BANK NEGARA’S FOREX LOSSES IN ? | akupeduliapa

10/5/ · As revealed by the RCI conducting officers, Bank Negara’s forex losses apparently amounted to RM billion in , RM billion in and RM billion in , but only RM billion was recorded as deferred expenditure in Estimated Reading Time: 6 mins 1/28/ · Kit Siang also published a book on the BNM Forex losses scandal. Yes. The year was when Lim Kit Siang found it ultra-important to publish a book on the Bank Negara Malaysia (BNM) foreign exchange scandal that caused the loss of RM30 billion (estimated to be at RM49 billion in today’s terms).Estimated Reading Time: 6 mins 8/30/ · PUTRAJAYA: Former Bank Negara Malaysia (BNM) deputy governor Tan Sri Lin See Yan today admitted that the bank was in fact, covering up the massive losses made by speculative foreign exchange (forex) trading in the s. In his testimony during the fourth proceedings of the ongoing Royal Commission of Inquiry (RCI) into the forex losses amounting Estimated Reading Time: 3 mins