CENTRAL BANK OF MALAYSIA

CENTRAL BANK OF MALAYSIA

CENTRAL BANK OF MALAYSIA, also known as Bank Negara Malaysia, is neither a factory nor a trader. It is the central bank of Malaysia.

It is a statutory body established in 1959 under the Central Bank of Malaysia Act 1958. Its primary objective is to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy.

The key functions of Bank Negara Malaysia include issuing currency, acting as a banker and financial agent to the Government, maintaining the stability of the Malaysian financial system, managing the country's international reserves, formulating and implementing monetary policy, and supervising and regulating financial institutions.

The Central Bank of Malaysia (Bank Negara Malaysia) produces or provides the following:

Malaysian Ringgit banknotes and coins

Monetary policy framework and implementation (e.g. setting the Overnight Policy Rate)

Financial sector regulations and guidelines

Supervision and licensing services for financial institutions

Oversight and operation of payment and settlement systems

Economic and financial reports and publications

Management of international reserves

Financial consumer protection and education programs

Commemorative coins