The National Bank of Malaysia (Malay: Bank Negara Malaysia, English: Central Bank Of Malaysia) can also be translated into the Central Bank of Malaysia, that is, the central bank of Malaysia.

Founded on June 24th, 1959, 1, it is headquartered in Kuala Lumpur, Malaysia, with branches in Kuala Lumpur, Penang, Johor Bahru, Kota Kinabalu and Guadalupe.

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Issued currency

At the beginning of the establishment of Malaysia Federation, the currency issued by Malaysia and British Borneo Monetary Supervisory Committee was still used.

1967, as the national central bank, the National Bank of Malaysia (Malay: Bank Negara Malaysia) obtained the exclusive privilege of issuing currency and began to officially issue currency in circulation. The primary currency unit is ringgit (China called ringgit, international standard code MYR, Malaysian official abbreviation RM), and the secondary currency unit is Sen, with the carry relation of 1 ringgit = 65438.

The National Bank of Malaysia was established and is owned by the Malaysian government. Its main purpose is not to make a profit, but to control and supervise the banking and financial activities throughout the country, issue money and maintain reserves, so as to maintain the value of money.

As a bank, financial agent and financial consultant of the government, it promotes monetary stability and maintains a good financial structure. The principle of influencing credit status is in line with national interests.

Baidu Encyclopedia-National Bank of Malaysia