Malaysia's central bank governor offered to resign: Bloomberg

Jun. 05, 2018 9:52 AM ETiShares MSCI Malaysia ETF (EWM)EWMBy: Liz Kiesche, SA News Editor
  • Malaysia's central bank governor, Muhammad Ibrahim, has offered to resign from his position two years into his five-year term, Bloomberg reports, citing people familiar with the matter.
  • The government's response to the resignation offer hasn't been disclosed. Bloomberg says spokespeople from the central bank and Malaysia Finance Ministry declined to comment.
  • The resignation offer comes after Prime Minister's unexpected election victory last month; new Finance Minister Lim Guan Eng has raised questions about the central bank's purchase of land from the previous administration.
  • Ibrahim's predecessor stepped down in May 2016 after 16 years.
  • Previously: Malaysia turned to its central bank to pay $500M of 1MDB debt: WSJ (May 23)
  • ETFs: EWM

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