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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.
Objectives & Functions
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:
- To issue currency and keep reserves safeguarding
the value of the currency;
- To act as a banker and financial adviser to the
Government;
- To promote monetary stability and a sound financial
structure; and
- 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.
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.
Address:
Central Bank of Malaysia
Level 10, Blok A,
Jalan Dato' Onn,
50480 Kuala Lumpur
Tel : 03 - 26907520/ 26910736
Fax : 03 - 26913661
Email : info@bnm.gov.my
Website : www.bnm.gov.my
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