This is admitted by BNM itself. This is what happens when the ringgit is allowed to float," Mahathir wrote after a Dec 9 Facebook live talk where he made similar allegations.
Thread: What to do before trading ?
This is admitted by BNM itself. This is what happens when the ringgit is allowed to float," Mahathir wrote after a Dec 9 Facebook live talk where he made similar allegations.
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The outflow of US$39.6 billion can only be caused by BNM selling dollars from the national reserves, causing the reserve to lose money during the period between 2013 [and] 2015.
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"When the private sector was selling the depreciating ringgit for USD, why is BNM selling the dollar for devalued ringgit?
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Mahathir had urged Johari to explain how the international reserves could shrink between 2013 and 2015, and why BNM has to follow the trend and join in the outflow of the US dollar.
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sought clarification over a letter on speculative forex transaction to Johari titled 'Dear Mr Johari' on Dec 24.....
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The minister said he was obliged to explain this after requests from his friends, who are readers of Mahathir's blog,
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In an open letter to ex-Prime Minister Tun Dr Mahathir Mohamed, Johari explained the difference between speculative foreign exchange (forex) activities and orderly management of forex market.
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In fact, our international reserves continue to strengthen ever since and as at end November 2017; the reserves amounted to US$101.9 billion and were able to support 7.5 months of retained imports," he added.
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uncompromised despite the recent capital flows and ringgit volatilities, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
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KUALA LUMPUR (Dec 26): Bank Negara Malaysia (BNM)'s reforms since 1994 has enabled Malaysia's economy to stay resilient while the financial and economic stability remain
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