Wednesday 1 February 2017

Forex News

 Currency Pairs

For over a long time since 1993 Kit Siang has been requesting that a RCI be set up to research Bank Negara's FOREX misfortunes. Anwar likewise requested a similar thing in 2012 and said he was kept oblivious with respect to the matter in spite of the fact that he was the Finance Minister.

 Today we are told the misfortunes were considerably greater than what we were at first told. Regardless we don't know whether the misfortunes were altogether because of betting on the FOREX advertise or whether a portion of the cash was really stolen and covered up under 'FOREX misfortunes'. 

The sixteenth of September 2008 will go down in Malaysian history as the day of notoriety. That was the day when 30 Barisan Nasional Members of Parliament should have traversed to Pakatan Rakyat and Anwar Ibrahim should have been confirmed as the new Prime Minister of Malaysia to supplant Tun Abdullah Ahmad Badawi. 

That, notwithstanding, did not exactly happen and rather Najib Tun Razak assumed control six-and-a-half months after the fact on third April 2009.Tun Dr Mahathir Mohamad has his own particular sixteenth September day of ignominy. 

What's more, that was the sixteenth of September 1992, which is known as 'Dark Wednesday'. That was the day George Soros assaulted the FOREX showcase with US$8 billion acquired cash and left with a benefit of US$1.2 billion in only a couple days. 

Tragically, Bank Negara Malaysia needed to endure lost US$10 billion, or RM98 billion at today's esteem. 

Various individuals are irate with me for discussing Bank Negara's FOREX misfortunes, which they say happened 25 years prior and in this way is no longer important. We should discuss occasions of today, they contend, for example, the 1MDB issue. 

Quit discussing the Bank Negara FOREX issue, which is an old story. Expound on 1MDB!

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