Role Of Bank Negara Malaysia

The bank negara malaysia s role is to issue currency.

Role of bank negara malaysia. In addition importance is given to the developmental role of bank negara malaysia in respect to economic management institutional building and the development of the financial system. Bank negara malaysia is governed by the central bank of malaysia act 2009 the role of bank negara malaysia is to promote monetary and financial stability. In addition importance is given to the developmental role of bank negara malaysia in respect to economic management institutional building and the development of the financial system. The bnm will decide when and how much money they should issue to avoid inflation and also to safeguard the value of ringgit malaysia from weakening.

Today bank negara malaysia focuses on the three pillars of central banking namely monetary stability financial stability and the payments system. Role of bank negara malaysia. Bank negara malaysia plays its role as overseer in ensuring the safety reliability and efficiency of payment systems infrastructure and to safeguard the public s interest. The bnm is the sole authority and also the only one in the country that has the authority to issue currency.