Forex loss rci

Forex loss rci

Jan 27,  · In its page report, the commission blamed former BNM adviser Nor Mohamed Yakcop for the loss of RM billion which was borne by the central bank in its forex Relative Strength Index, or RSI, is a popular indicator developed by a technical analyst named J. Welles Wilder, that helps traders evaluate the strength of the current market. RSI is similar to Stochastic in that it identifies overbought and oversold conditions in the market. It is also scaled from 0 to Typically, readings of 30 or lower Dec 01,  · The RCI found that BNM had incurred forex losses of RM billion in the early s under the Mahathir administration. Former prime minister Tun Dr Mahathir Mohamad now leads federal Opposition pact Pakatan Harapan. Source: The Malay Mail Online. Note: This article was edited at am today, the 1st of December , to correct a factual error

P Forex loss rci. It will also deflect attention from 1MDB for a while. The RCI report will likely be damaging to Mahathir the most, followed by Anwar with some collateral damage on Lim, forex loss rci, now allied to Mahathir.

Lim, to his credit, was the fiercest critic then against the forex losses and spoke up in Parliament repeatedly, blaming both Mahathir and Anwar. These are, forex loss rci, after all, the largest losses made to date by Malaysian state-owned forex loss rci and it will be very informative and instructive to find out how these losses happened, forex loss rci, and from where the final instruction came which resulted in these institutions losing a combined sum of more than RM60 billion.

In fact, an RCI for 1MDB is even more urgent, considering that this is an ongoing event and a quick investigation can help recover much money, about which evidence very strongly indicates has already been stolen.

Establishing early where the money is increases chances of recovery substantially. Still, the RCI forex investigation is an opportunity to put the facts right. Some key questions: How much was lost?

Who was responsible? Who gave the order to engage in forex trading? Is there any written order or was it by word of mouth? The answers to these will finally exorcise the ghosts of the forex losses. Unfortunately, one of the persons who has all the answers - then Bank Negara governor Jaffar Hussein - passed on in The other is then Bank Negara adviser now referred to as assistant governor Nor Mohamed Yakcop, currently deputy chairperson of Khazanah Nasional Bhd and before that a cabinet minister and special economic adviser to Dr Mahathir Mohamad after the Asian financial crisis.

I interviewed Jaffar several times during forex loss rci days as a financial reporter in the 80s, both at Bank Negara and at Malayan Banking, where he was CEO. His obvious integrity and knowledge impressed me and if not for that forex loss, the only blight on a distinguished career, he would have retired in glory instead of ignominy.

I never figured out forex loss rci an otherwise careful and meticulous person could have been so careless. Even then, the exact figure for the losses was not immediately obvious and is still not certain, forex loss rci, although most reliable estimates and sources put it at around RM billion EN BM 中文 தமிழ்.

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EVENING 5: RCI asked to retract BNM forex loss statement

, time: 5:07

Dec 22,  · The reason the forex RCI haunts Mahathir so badly. December 22, am Raggie Jessy cause and magnitude” of the forex losses suffered by Bank Negara between the years and On the 11 th of April , he became the first Member of Parliament (MP) Dec 01,  · The RCI found that BNM had incurred forex losses of RM billion in the early s under the Mahathir administration. Former prime minister Tun Dr Mahathir Mohamad now leads federal Opposition pact Pakatan Harapan. Source: The Malay Mail Online. Note: This article was edited at am today, the 1st of December , to correct a factual error Jan 01,  · AFTER 1Malaysia Development Bhd (1MDB) dominated headlines last year, with investigations in as many as 10 jurisdictions worldwide, saw another scandal resurface from the past — Bank Negara Malaysia’s foreign exchange losses from over two decades ago. The 1MDB issue shone the spotlight on Prime Minister Datuk Seri Najib Razak last year, but the forex losses