RM160 billion decline in BNM’s reserves due to funds outflow, says Johari

THE US$39.6 billion (RM160 billion) allegedly lost from Bank Negara Malaysia’s international reserves between 2013 and 2015 was due to outflows of foreign funds and not losses due to foreign exchange trading, Second Finance Minister Johari Abdul Ghani said.

He said this ran contrary to the allegation made by former prime minister Dr Mahathir Mohamad in a recent video.

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