Malaysian government opens case on historic forex losses

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: