Asia Sentinel

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Asia Sentinel
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Mar 06, 2012
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TIIn 1992 and 1993, former Malaysian Prime Minister Mahathir Mohamad became convinced he could take advantage of a British recession, rising unemployment and a decision by the British government to float the pound sterling free of the European Exchange Rate Mechanism to make billions of ringgit.

Mahathir ordered Bank Negara to by vast amounts of pounds s…

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