Multiple choice general knowledge history

Which nation's Prime Minister imposed capital controls on all the foreign investments during the 1997 economic crisis?

  1. Malaysia

  2. North Korea

  3. Indonesia

  4. Phillipines
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A Correct answer
Explanation

Malaysian Prime Minister Mahathir Mohamad imposed capital controls in September 1998 during the Asian Financial Crisis to stabilize the ringgit. This controversial measure defied IMF prescriptions but ultimately helped Malaysia recover faster than some neighboring countries.

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