In the UK, forex trading is regulated by the Financial Services Authority ( FSA). Jun 06, · Bank Negara’ s forex losses in the past two years could total as high as RM30 billion, making it the biggest financial scandal in Malaysia as well as a world- class financial scandal.
Bank Negara Malaysia has recently announced a set of measures in respect of foreign exchange administration rules in order to accelerate the development of the Malaysian financial market and to promote financial stability. 5 billion in forex trades between 19 and that the figure was concealed from the bank' s financial reports. The central bank had recently cautioned the public not to participate in any illegal investment or training programme on foreign currency trading offered by. Up to now, the government has failed to “ come clean” on the colossal Bank Negara forex losses as a result of speculation in the international currency markets from, with the losses cited as ranging from RM10 billion to RM30 billion.
Foreign exchange ( forex) traders in the country are upset over a recent Bank Negara caution on forex trading and want the Government to liberalise the domestic forex trading sector. FXPRIMUS Bank Negara. I bank negara isibalo se forex. BNM Exchange Rate - Saturday, 06 October : USD : GBP : EUR : JPY100 : CHF : AUD : CAD : SGD : HKD100 : THB100 : PHP100 : TWD100 : KRW100 : 4. Posted on June 22, June 22, Leave a comment. In her testimony to the Royal Commission of Inquiry ( RCI) here today, Former Bank Negara Malaysia ( BNM) Governor Tan Sri Zeti Akhtar Aziz conceded that the foreign exchange ( forex) losses scandal of the 1990s remains a dark episode in the history of the central bank. To enable the Bank to meet the objectives of a central bank, it is vested with comprehensive legal powers under the following legislation to regulate and supervise the financial system. DR Mahathir Mohamad has accused Putrajaya of “ discrimination” over its pursuit of Bank Negara Malaysia’ s ( BNM) forex losses which occurred under his administration when the central bank had lost more between 20 due to the ringgit’ s fall. Tag: Bank Negara Malaysia. The RCI hearing on the first day, Aug 21, concluded that the central bank lost RM31. Forex trading is perfectly legal in western countries such as United States, Canada, United Kingdom and Australia.