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The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia; Jawi: بڠک نݢارا مليسيا ) 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 the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and ...
Shaik Abdul Rasheed bin Abdul Ghaffour is a Malaysian banker who was appointed the Governor of the Central Bank of Malaysia (BNM) from 1 July 2023. He was previously the deputy governor of the central bank. [1] [2]
Nor Shamsiah binti Mohd Yunus (born 1964) [1] was the 9th Governor of the Central Bank of Malaysia from 2018 to 2023, [2] replacing Tan Sri Muhammad bin Ibrahim.She served as Deputy Governor of Bank Negara from 2010 to 2013 and from 2013 to 2016.
The Governor of the Central Bank of Malaysia is the chief executive of Malaysia's central bank and the ex-officio chairperson of its Central Board of Directors. Malaysian ringgit currency notes, issued by the Central Bank of Malaysia (BNM), bear the governor's signature. Since its establishment in 1959, the BNM has been headed by 10 governors.
Throughout his stint as the second Governor of Bank Negara Malaysia, he has constantly improved the pristine of the country's banking system as well as to establish it as an emerging force and had helped garner respect from the world's over. He was the Governor of Bank Negara Malaysia; Malaysia's Central Bank, from 1962 to 1980, once a new ...
The BLR is usually adjusted at the time in correlation to the adjustments of the OPR which is determined by Bank Negara Malaysia during one its monetary policy meetings. [4] With the new BR, interest rates are determined by the banks’ benchmark cost of funds and Statutory Reserve Requirement (SRR).
Ungku Zeti Akhtar binti Ungku Abdul Aziz (born 27 August 1947) was the 7th Governor of Bank Negara Malaysia, Malaysia's central bank. She served as Governor from 2000 to 2016, and was the first woman in the position and at 16 years, the longest to hold the position.
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]