BNM to extend full cooperation to RCI in providing information relating to forex losses

Bank Negara Malaysia (BNM) will extend its full cooperation to the Royal Commission of Inquiry (RCI) in providing information relating to foreign exchange (forex) market losses.

In a statement today, BNM said, it will provide information as required by the law.

BNM welcomed the formation of the RCI by the government to independently investigate the forex losses and put to rest the events that occurred over 25 years ago.

"It is important to note that in any country, the legitimacy, integrity and credibility of the central bank is paramount in preserving public confidence in maintaining a sound financial system and a stable economy," BNM said.

The central bank said it would like to assure the public and the financial market that it shall not be distracted from discharging its national duty in delivering its mandates.

"We shall be steadfast in safeguarding the nation's monetary and financial stability, as well as the smooth functioning of the payment systems," BNM said.

- BERNAMA