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Malaysian Central Banker Resigns

February 2, 1999

KUALA LUMPUR, Malaysia (AP) _ Another official at Malaysia’s central bank is stepping down, the national news agency reported Tuesday.

Assistant Governor Abdul Murad Khalid is the third high-ranking official at Bank Negara, the central bank, to quit since economic and political turmoil hit Malaysia last year.

Abdul Murad, who was responsible for banking regulation and banking supervision, is widely viewed as an ally of ousted deputy prime minister Anwar Ibrahim.

Anwar, who was also finance minister, was removed from office Sept. 2 after policy disputes with Prime Minister Mahathir Mohamad. His dismissal spurred massive anti-government protests.

Abdul Murad’s resignation will take effect Feb. 1, the national news agency Bernama reported. No reasons were given for the resignation.

Last August, the central bank’s then-governor, Ahmad Mohamed Don, and his deputy, Fong Weng Phak, quit the central bank on what sources said were policy differences.

Days after their resignation, Malaysia imposed selective capital controls to tackle the country’s economic crisis.

Update hourly