Bank Negara Malaysia

Bank Negara Malaysia (Bank Negara Malaysia) is a statutory body that commenced operations on 26 January 1959. Bank Negara Malaysia is governed by the Bank Negara Malaysia Act 2009. The role of Bank Negara Malaysia is to promote monetary and financial stability. This is intended to provide an enabling environment for the sustainable development of the Malaysian economy.

The monetary policy stance of Bank Negara Malaysia is to maintain price stability while continuing to support growth. Bank Negara Malaysia is also responsible for financial system stability. This is achieved through the development of a sound, resilient, progressive and diversified financial sector that is designed to support all sectors of the real economy. It also plays an important role in implementing initiatives to deepen and strengthen financial markets, including the foreign exchange market.

Bank Negara Malaysia plays an important development role in developing the financial system infrastructure to advance the financial inclusion agenda. This is to ensure that all economic sectors and social classes have access to financial services. In addition, Bank Negara Malaysia is also responsible for regulating the countrys payment system infrastructure, emphasizing the efficiency and security of the financial system.

As the governments banker and advisor, Bank Negara Malaysia advises on macroeconomic policies and public debt management. Bank Negara Malaysia is also the sole authority to issue the national currency and manage the countrys international reserves.