Bank Negara to cooperate with special taskforce to probe forex losses

Bank Negara Malaysia (BNM) will extend its full cooperation to the special taskforce set up by the Cabinet to probe the foreign exchange (forex) losses which happened over 25 years ago.

In a statement today, the central bank said, it has continuously upheld the highest standard of disclosure and transparency in its activities.

"The bank has also significantly strengthened its balance sheet, governance and accountability, especially with respect to reserves management," it said.

BNM said it was important that it remained focused and not be distracted from its efforts to ensure that the economy and financial system remained stable and resilient to support the country's economic activities. -- Bernama