Why is Bank Negara hiding the fact it has lost RM66 billion so far propping up the Ringgit?


Nor Shamsiah Mohd Yunus, tell us about the RM66 billion which Bank Negara Malaysia pumped into the market over the last two months to stop the Ringgit from falling to RM4.50 to the Dollar. Add that to the RM31.5 billion which Bank Negara lost in 1992, which is worth RM62 billion today, and that makes the total that Tun Dr Mahathir lost as the Fourth and Seventh Prime Minister come to RM128 billion.

Dr Mahathir Mohamad and Daim Zainuddin have lost an equivalent of RM128 billion on FOREX forays in two terms in office

 

 



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