BANK OF MALAYSIA

Nature of Business: Regulatory Body / Financial Authority (Neither a factory nor a trading company)

Corporate Profile:

Bank Negara Malaysia (BNM) is the central bank of Malaysia. Established on January 26, 1959, under the Central Bank of Malaysia Act 1958, the bank operates as a statutory body. Its primary mandate is to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. Key functions include issuing currency, acting as banker and adviser to the Government, managing the country's international reserves, and regulating and supervising financial institutions. It does not engage in manufacturing (factory) or commercial buying and selling (trading) of consumer goods.

Bank Negara Malaysia is the central bank of Malaysia and does not function as a commercial company that produces or sells consumer goods. Its primary roles and outputs are as follows:

1. Currency Issuance

It produces and issues Malaysian Ringgit banknotes and coins as the legal tender of the country.

2. Monetary Policy

It formulates and implements monetary policies to maintain price stability and support sustainable economic growth.

3. Financial Regulation and Supervision

It regulates and supervises financial institutions, including banks, insurance companies, and payment system operators, to ensure the stability of the financial system.

4. Financial Education and Publications

It publishes economic reports, financial stability reviews, and educational materials regarding financial literacy, consumer protection, and banking regulations.

5. Management of International Reserves

It manages the country's international reserves to maintain confidence in the Ringgit and support the international payment system.

6. Payment Systems

It operates and oversees critical national payment systems, such as RENTAS, to ensure the secure and efficient transfer of funds.