Central Bank of Malaysia | Bank Negara Malaysia

Bank Negara Malaysia is the central bank for Malaysia. It was established on 26 January 1959, under the Central Bank of Malaya Ordinance, 1958, with the following objectives:

1. To issue currency and keep reserves safeguarding the value of the currency;
2. To act as a banker and financial adviser to the Government;
3. To promote monetary stability and a sound financial structure;
4. To promote the reliable, efficient and smooth operation of national payment and settlement systems and to ensure that the national payment and settlement systems policy is directed to the advantage of Malaysia; and
5. To influence the credit situation to the advantage of the country.

In meeting these objectives, the Bank is guided by the principle that it should act only in the economic interest of the nation and without regard to profit as a primary consideration.

First HQ Hence, the functions of the Bank are carried out within the context of the broader goals of promoting economic growth, a high level of employment, maintaining price stability and a reasonable balance in the country's international payments position, eradicating poverty and restructuring society.

In particular, the Bank ensures that the availability and cost of money and credit in the economy are consonant with national macroeconomic objectives. In this respect, the Bank acts as the banker for currency issue, keeper of international reserves and safeguarding the value of the ringgit, banker and financial adviser to the Government, agency responsible for monetary policy and management of the financial system and banker to the banks.

Mission Statement

Bank Negara Malaysia, as the Central Bank, is committed to excellence in promoting monetary and financial system stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation.

This will be achieved through:

* promoting a work culture which emphasises the highest standards of professionalism and integrity, prudence, teamwork and innovation;
* developing and maintaining a committed workforce which is highly competent and proactive, sensitive to the changing needs of the industry;
* adopting a collaborative approach in everything we do;
* promoting the effective use of technology and good work practices to enhance productivity, efficiency and quality;
* adopting policies and practices to enhance the competitiveness of local financial institutions to face international competition; and
* having the necessary financial resources and financial instruments to effectively manage monetary stability.