'Without forex losses, Bank Negara would have RM100 billion more'

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Published Jun 28, 2017

Bank Negara Malaysia's (BNM) US$10 billion foreign exchange losses incurred in the 1990s have had a huge impact on its foreign reserves today, claimed a former assistant governor of the central bank, Abdul Murad Khalid.
The US$10 billion, would have increased over the 25-year period to US$26.66 billion, or more than RM100 billion, if the money had been kept in government savings at a compound interest of four percent annually, Murad said.

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'Without forex losses, Bank Negara would have RM100 billion more'

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