What is the purpose of the RCI in forex losses?


Forex rules: Was a framework in place in Bank Negara between 1991 and 1993 to check the trading positions of its dealers?

TWENTY-FIVE years on, Malaysia is still grappling with the foreign-exchange (forex) losses chalked up by Bank Negara between 1991 and 1993.

The highlights after the first week of the hearing by a Royal Commission of Inquiry (RCI) set up to unearth the ghost of the past were the quantum of losses, and the aspersion that there was a deliberate suppression of information and an attempt to cover up the losses.

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Business , shan , column forex , RCI

   

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