The Central Bank of Malaysia
, officially known as the Bank Negara Malaysia
in Malay term was established on January 26, 1959, under the Central Bank of Malaysia Act 1958 [Act 519].
Logo of Bank Negara Malaysia (BNM)
The Central Bank of Malaysia Act 1958 has been repealed by the Central Bank of Malaysia Act 2009 which became effective 25 November 25, 2009.
The official logo of Bank Negara features a Kijang
derived from the Kelantan gold coin, a sun symbolizes power and a crescent moon represents Islam.
Bank Negara Malaysia (BNM) is a statutory body wholly owned by the Government of Malaysia
with the paid-up capital progressively increased. The Bank reports to the Minister of Finance, Malaysia
and keeps the Minister informed of matters pertaining to monetary and financial sector policies.
The mission of Bank Negara is to promote monetary and financial system stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation.
Bank Negara's objectives include issuing currency and keeping reserves safeguarding the value of the currency, acting as a banker and financial adviser to the Government, promoting 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 influencing the credit situation to the advantage of Malaysia.
The Banking and Financial Institutions Act 1989 (BAFIA) was repealed in 2013 and replaced with the Financial Services Act 2013.
Bank Negara Malaysia is head quartered in Kuala Lumpur with state branch offices in Penang, Johor Bahru, Kota Kinabalu, Kuala Terengganu, Kuching and Shah Alam. It also has three overseas representative offices in Beijing, London and New York.
The official site of Bank Negara Malaysia (BNM) features:
- About the Bank (Rates & Statistics; Law, Policy & Guidelines; Publications & Research Paper; Procurement)
- Monetary Stability (Key Figures [Policy & Inflation Rates, GDP Growth] at a Glance; OPR Decision and Statement; Data Download)
- Financial Stability which describes the condition where the financial intermediation process functions smoothly and there is confidence in the operation of key financial institutions and markets within the economy
- Financial Sector Development
- Malaysia Payment Systems (1. Systemically Important Payment System (SIPS) or Large Value Payment System (LVPS) [Real Time Electronics Transfer of Funds and Securities (RENTAS)]; 2. Retail Payment System [Systems, Instruments, Channels]; E-Payment Services and Fees; Payment Statistics)
- Foreign Exchange Administration (FEA) [Rules Applicable to Non-Residents & Residents]
- Consumer Information (Financial Consumer Education & Awareness; Financial Consumer & Email Alert; Tips for Consumer; Financial Fraud Alert; Complaint & Redress; Currency Declaration Requirement)
- Administered Legislations (Central Bank of Malaysia Act 2009, Financial Services Act 2013, Islamic Financial Services Act 2013, Insurance Act 1996, Development Financial Institutions Act 2002 (Act 618), Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613), Money Services Business Act 2011)
Screenshot of Bank Negara Malaysia (BNM)
Bank Negara Malaysia
Jalan Dato' Onn
P.O. Box 10922
50929 Kuala Lumpur
Laman Informasi Nasihat dan Khidmat (BNMLINK)
(Walk-in Customer Service Centre)
Ground Floor, D Block,
Jalan Dato' Onn
50480 Kuala Lumpur
NOTE: BNMLINK is a face-to-face customer service, to facilitate rapid and effective responses on financial matters for the public.
Bank Negara Malaysia Museum and Art Gallery
2, Jalan Dato' Onn
50480 Kuala Lumpur
||Available in English and Malay versions.