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.
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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let's fCk Guan Eng kau-kau no nid, that budak kecil listens to my every word |
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'ni cina tidur kah? ya, selepas makan besar, memang mengantuk |
Pumping RM66 billions to stabilize the country's currency last 2 months equivalent to USD 15-USD 16 billions to save the country from collapse is nothing when BNM has reserves about USD 110 billions. So many other countries failed when under attack from Forex speculators. Must count the gains also in billions when RM stabilises and appreciate back up below 4.0. That's what a Central Bank of any country should do to protect their currency from forex hound dogs.
ReplyDeleteIs that called a loss when the currency has not collapsed and the country has not defaulted yet on it's loans?
1 MDB raising bonds by the billions in USD and finally going bust is a real loss.
See the difference?
1MDB going bust? Where got one. Check your facts again.
DeleteAll these sophism. One moment PH claimed that the country is bankrupt or near bankruptcy caused by BN's mismanagement.
ReplyDeleteNext we have so much reserve and can defend our currency.
Your financial acumen and knowledge just like Ktemoc is astounding. That includes the previous Treasury Secretary General who says the missing GST refunds are in the Consolidated Fund and not missing.
DeleteNo wonder it takes another bigger Fool Ananconda to make the smaller fools believe in the Magic story of 1 MDB.
Lucky for rest of Malaysians, not everyone behave and think like fools.
Wakakakakakakakakakakaka
GST refunds allegedly used by PH government. Which is true? missing, stolen or used by PH?
DeleteWhy is Ktemoc so desperate that he is resorting to hawking Fake News ?
ReplyDeleteBank Negara' s international reserves fell by USD 7 billion in the last 2 months.
In overall reserve terms , no big deal.
A large part of it due to blur foreign investors selling their shares in the local stock market and converting to Dollars.