Finance Minister (and PM) Anwar Ibrahim must now explain why Bank Negara reserves fell RM 2 Billion or 3% in just a fortnight twice under his watch as FM , in October 1995 and February 1996 -Anwar refused to do so in 1996

 by Ganesh Sahathevan 


              In 2017 Anwar said that it would be "unjust" to exclude him from the then BNM  forex RCI



Bank Negara suffered two significant losses of its reserves in 1995 and 1996, when the Minister For Finance was then, as it is now the newly appointed Foreign Minister (and Prime Minister), Anwar Ibrahim' 

Bank Negara reported, in the fortnightly reports of its reserves,  in October 1995 and  February 1996 ,  a loss of reserves of approximately  RM  2  Billion  or about 3 per cent of its total reserves during the reporting period.

This writer questioned Anwar Ibrahim about that loss, but received no answer to the question. The usual lecture on Bank Negara's statutory role was provided, and the question deflected. He was also quick to say that there were no FOREX trading losses. 

Anwar is again  Finance Minister, he ought to provide answers to these losses which quite likely led to  the collapse of the  Ringgit during the Asian. Financial Crisis of 97-98.


END

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