Bank Negara to cooperate with special taskforce to probe forex losses
Bernama
February 16, 2017 19:01 MYT
February 16, 2017 19:01 MYT
The Cabinet on Wednesday agreed to set up a task force to carry out preliminary investigations into the losses involving foreign currency transactions by Bank Negara Malaysia (BNM) in the 1990s. - FILEpic
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