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Bank Negara Malaysia

Malaysia See table Origin: Central Bank

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Established:
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Entity Structure: Central Bank
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Central Bank Details

Main Office

Jalan Dato’ Onn,
50480 Kuala Lumpur
Malaysia


Governance

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Summary

The Central Bank of Malaysia, known as Bank Negara Malaysia, is the Malaysian central bank. It was formed on January 26, 1959 as Bank Negara Tanah Melayu, its main purpose is to issue currency, act as banker and adviser to the Government of Malaysia and regulate the country’s financial institutions, credit system and monetary policy.

The Bank’s Board of Directors consists of eleven members and is responsible for the oversight of the management and operations of the Bank and reviews the performance of the Bank in delivering its mandates. The ex-officio members of the Board are the Governor, the Deputy Governors and the Secretary-General to the Treasury. The other directors are prominent leaders who have vast experience in the public and private sectors. All members, except the Deputy Governors, are appointed by Yang di-Pertuan Agong. The Yang di-Pertuan Agong is the monarch and head of state of Malaysia. The Deputy Governors are appointed by the Minister of Finance. The Board is statutorily required to meet at least once in a month.


Background

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Official Reserve Assets

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