KUALA LUMPUR (Sept 21): Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz said the public, which has many questions on the issues surrounding controversial state investment fund 1Malaysia Development Bhd (1MDB), deserves to get its questions answered.

"The public has many questions on issues relating to 1MDB, and the public deserves to get its questions answered," she said during a panel session on The State of the Malaysian Economy and Investment at Malaysia’s Economic Update 2015 today.

Zeti added that while the public is aware of the ongoing investigations on 1MDB, it also needs to know who are doing what investigations.

"There are three agencies involved, comprising the police which deal with cheating, criminal breach of trust and so on. The MACC (Malaysian Anti-Corruption Commission), which deals with corruption, and the central bank, BNM, that deals with aspects relating to our financial system and what contravention there has been to our rules and regulations and our laws.

"All these investigations are ongoing and they're going to yield an outcome," she said.

"On BNM's part, we've looked at the contraventions to the approvals that we gave specifically to 1MDB. These investigations are now completed and we've handed it over to the AG's Chambers. We are in discussions with them. That is all I can say for the time being," she added.

Zeti also said that the ringgit will recover, once the issues relating to 1MDB are resolved.

Besides the global external headwinds, the ringgit has also been affected by domestic issues, such as 1MDB, she added.

"When we look at what are the factors that affect the ringgit, firstly it is the global developments. You can see already that everyone is looking at the US Federal Reserve.

"They have had zero-bound interest rates for seven years now and everyone's looking for the timing of the exit, and this contributes to the strength of the US dollar," she said.

She also noted the spillover effects from China's slowdown, which is one of Malaysia's biggest trading partners, but said the initiatives by the Chinese government will be beneficial in the long term, as the country achieves more sustainable growth.

"On the very domestic issues that we talked about, we don't need anymore scandals. We don't need political uncertainty. When they resolve all the issues relating to 1MDB, then we will see a recovery in our local currency," said Zeti.