BNM did not brief me regularly, says Dr Mahathir

Bede Hong

Dr Mahathir Mohamad says whatever foreign exchange dealings done by BNM, they are according to what it believes to be in the national interests. – The Malaysian Insight pic by Kamal Ariffin, September 18, 2017.

DR Mahathir Mohamad told the inquiry on Bank Negara Malaysia’s forex losses today that he never received regular briefings from the central bank during the period of the forex losses in the early 1990s, nor did he interfere with its management. 

“I have also stated from BNM’s annual financial report, which were presented in Parliament, whatever foreign exchange dealings that were done by BNM… (are) according to what BNM believed to be the best interest to present the national reserves and the value of the national currency.

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