Malaysian government opens case on historic forex losses

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Bank Negara Malaysia. Photo: Shutterstock

The Malaysian government has launched a "special task force" to investigate foreign exchange losses incurred by Bank Negara Malaysia in the early 1990s, during a period when the central bank made speculative bets using its reserves.

Bank Negara said in a statement today (February 16) that it would give the task force its "full co-operation", while adding the losses were incurred "more than 25 years ago".

A note of irritation seemed to creep into the following statement from the bank: "Under the

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