Categories: Central banks | Banks of Malaysia

Bank Negara Malaysia

Bank Negara Malaysia (BNM) is the Malaysian central bank. Its headquarters is located in Kuala Lumpur, the capital of Malaysia.

Contents

History

Bank Negara was established on 26 January 1959, to issue currency, act as banker and adviser to the Government, and influence the country's credit situation. Since its inception there has been seven governors:

1.	Tan Sri W H Wilcock	January 1959 - July 1962
2.	Tun Ismail bin Mohamed Ali	July 1962 - July 1980
3.	Tan Sri Abdul Aziz bin Taha	July 1980 - June 1985
4.	Tan Sri Dato' Jaffar bin Hussein	June 1985 - May 1994
5.	Tan Sri Dato' Ahmad bin Mohd Don	May 1994 - August 1998
6.	Tan Sri Dato' Seri Ali Abul Hassan bin Sulaiman	September 1998 - April 2000
7.	Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz	Since May 2000

Historical events

1992: Bank Negara attempted to defend the value of the British pound against attempts by George Soros to devalue the pound sterling. George Soros won and BNM reportedly suffered losses of more than USD $4 Billion. [1]

External Links

Bank Negara Malaysia official website.

Categories: Central banks | Banks of Malaysia