KL reveals behind-the-scenes moves to inject funds into Bank Negara after 1990s forex losses

December 26, 2017 4:52 PM

KUALA LUMPUR – Malaysia’s central bank was forced in the 1990s to sell its shares in Malaysia Airlines (MAS) and national shipper MISC to make up for deep foreign exchange (forex) losses caused by speculative trading, Second Finance Minister Johari Abdul Ghani said on Tuesday (Dec 26).

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KL reveals behind-the-scenes moves to inject funds into Bank Negara after 1990s forex losses

December 26, 2017 4:52 PM

KUALA LUMPUR – Malaysia’s central bank was forced in the 1990s to sell its shares in Malaysia Airlines (MAS) and national shipper MISC to make up for deep foreign exchange (forex) losses caused by speculative trading, Second Finance Minister Johari Abdul Ghani said on Tuesday (Dec 26).

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