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Bank Negara chief: Forex scandal was a long time ago but we'll help

Bank Negara governor Muhammad Ibrahim said the forex scandal happened a long time ago, and that even he, was only a student at that time.

He said this in reference to the heavy losses incurred by the central bank due to foreign exchange trading in the early 1990s.

"Just to give you a sense of perspective, that happened about 25 years ago. I was still in school, my deputy was pursuing his PhD. (Assistant Governor) Jessica (Chew) was still (pursuing) her degree," he told a press conference today.

He added that none of the Bank Negara senior officials who attended the press conference today, were with the central bank when the incident occurred.

"We will do our level best to help, but if you ask us what actually transpired during that time, we can only tell you (what we know) based on the documents that we have. That's all," he said.

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