Bank Negara Malaysia · Kuala Lumpur Malaysia

Bank Negara Malaysia is central to its country's economy. As Malaysia's central bank, Bank Negara Malaysia (BNM) is charged with promoting a stable financial system. As part of its work, BNM issues currency; sets interest and exchange rates for the country; regulates financial institutions (including Malaysia's Islamic banking system); manages the country's payment and settlement systems; oversees programs to combat money laundering and terrorism financing; and establishes and implements monetary policies and programs, including an initiative to promote development of small and medium enterprises throughout Malaysia. The bank was formed by Malaysia's government in 1959. To read the full description, subscribe now.