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;
- 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
- 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.
Head Office
Bank Negara Malaysia
Jalan Dato' Onn , P.O. Box 10922 , 50929 Kuala Lumpur
Tel: 603-2698-8044
Fax: 603-2691-2990
Telex : MA 34137 / MA 34138
Branch Offices
Bank Negara Malaysia Pulau Pinang Jalan Corner Light 10200 Pulau Pinang Tel: 604-262-7125 | Bank Negara Malaysia Johor Bahru Jalan Bukit Timbalan 80000 Johor Bahru Johor Darul Takzim Tel: 607-224-0799 |
Bank Negara Malaysia Kota Kinabalu Jalan Datuk Chang Thain Vun 88000 Kota Kinabalu Sabah Tel: 6088-211-211 | Bank Negara Malaysia Kuala Terengganu Jalan Sultan Mohamad 21100 Kuala Terengganu Terengganu Darul Iman Tel: 609-622-0571 |
Bank Negara Malaysia Kuching Jalan Satok 93000 Kuching Sarawak Tel: 6082-252-311 | Shah Alam Currency Processing & Distribution Centre Persiaran Tasek 40000 Shah Alam Selangor Darul Ehsan Tel: 603-5512-5746 |
For More Information :- http://www.bnm.gov.my
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