Central Bank of Malaysia (Bank Negara Malaysia)

The Central Bank of Malaysia, known as Bank Negara Malaysia, is the country's main financial authority responsible for maintaining a stable and efficient financial system. It manages the national currency (the Ringgit), formulates monetary policy, oversees banks and financial institutions, and promotes financial stability. Its goal is to support sustainable economic growth, ensure low inflation, and foster a secure banking environment. Essentially, it acts as a guardian of Malaysia’s financial system, making sure money functions effectively and confidently in the economy.