Central Bank of Malaysia

The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (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. Its headquarters is located in Kuala Lumpur, the federal capital of Malaysia.

Central Bank of Malaysia
Bank Negara Malaysia (BNM)
BNM headquarters in Kuala Lumpur
HeadquartersJalan Dato Onn, Kuala Lumpur, Malaysia
Coordinates3.1534°N 101.6931°E / 3.1534; 101.6931
Established26 January 1959 (1959-01-26)
OwnershipGovernment of Malaysia
GovernorShaik Abdul Rasheed Abdul Ghaffour
Central bank ofMalaysia
CurrencyMalaysian ringgit
MYR (ISO 4217)
Reserves USD 111.4 billion
Bank rate3.00%
Websitewww.bnm.gov.my

The Bank is the only institution permitted to issue the Malaysian ringgit into circulation.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.