CENTRAL BANK (BNM)

THE NEED FOR CENTRAL BANK

Prudent conduct of monetary policy

Financial system stability

Developmental role

Promotes financial inclusions

Banker and advisor to the Government

OBJECTIVES

Stability in ringgit's purchasing power

High level of employment

Reasonable position of balance of payments

Stable economic growth

Eradication of poverty

Restructuring of society

Rising living standard

FUNCTIONAL AREAS

Economics and Monetary Policy

Investment and Operations

Regulation

Payment Systems

Supervision

Organisational development

Communication

FUNCTIOS OF BNM

Banker for currency issue

Keeper of international reserrves

Government banker and Financial advisor

Responsible for Monetary policy

Banker to Banks

FSA 2013

IFSA 2013

ADMINISTERED LEGISLATION

Central Bank of Malaysia Act 2009

BAFIA 1989

Exchange Control Act 1953

Islamic Banking Act 1983

Insurance Act 1996

Takaful Act 1984

Development Financial Institution Act 2002

Money Changing Act 1998

Payment System Act 2003

Anti-Money Laundering and Anti-Terrorism Financing Act 2001