Governor of the Central Bank of Malaysia | |
---|---|
Incumbent Abdul Rasheed Abdul Ghaffour since 1 July 2023 | |
Central Bank of Malaysia | |
Style | Yang Berbahagia |
Seat | Jalan Dato' Onn, 50480 Kuala Lumpur |
Appointer | Yang di-Pertuan Agong on the recommendation of the Prime Minister of Malaysia |
Term length | 5 years |
Constituting instrument | Central Bank of Malaysia Act 2009 |
Formation | January 1959 |
First holder | W. H. Wilcock |
Deputy | Shaik Abdul Rasheed Abdul Ghaffour Chew Cheng Lian |
Website | www |
The Governor of the Central Bank of Malaysia is the chief executive of Malaysia's central bank and the ex-officio chairperson of its Central Board of Directors. Malaysian ringgit currency notes, issued by the Central Bank of Malaysia (BNM), bear the governor's signature. Since its establishment in 1959, the BNM has been headed by 9 governors.
Section 15 (1) of the Central Bank of Malaysia Act 2009 states that the Governor is appointed by Yang di-Pertuan Agong, the Supreme Head of Malaysia whilst the Deputy Governor is appointed by the Finance Minister. Section 15 (4) of the Central Bank of Malaysia Act 2009 states that the term of office typically runs for 5 years for the Governor and 3 years for the Deputy Governor, both eligible for reappointment. [1]
The 9th and current Governor is Nor Shamsiah Mohd Yunus, who took over from Muhammad Ibrahim on 1 July 2018.
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in four of its currency printing presses located in Nashik, Dewas, Mysore and Salboni. The RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.
The Malaysian ringgit is the currency of Malaysia. It is divided into 100 sen. The ringgit is issued by the Central Bank of Malaysia.
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The Central Bank of Malaysia is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya, its main purpose is to issue currency, act as banker and adviser to the government of Malaysia and regulate the country's financial institutions, credit system and monetary policy. Its headquarters is located in Kuala Lumpur, the federal capital of Malaysia.
The Central Bank of Sri Lanka is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA), it is a semi-autonomous body, and following the amendments to the MLA in December 2002, is governed by a five-member Monetary Board, comprising the Governor as chairman, the Secretary to the Ministry of Finance and Planning, and three members appointed by the President of Sri Lanka, on the recommendation of the Minister of Finance, with the concurrence of the Constitutional Council.
The Central Bank of Barbados (CBB) is the national monetary authority and central bank responsible for providing advice to the Government of Barbados on banking and other financial and monetary matters. The Central Bank of Barbados, was established by Act of parliament on 2 May 1972. Prior to the establishment of CBB, Barbados' monetary policies were governed through its membership in the Eastern Caribbean Currency Authority (ECCA). The Central Bank operates as the banknote issuing authority for Barbadian currency.
The Bank of Tanzania is the central bank of the United Republic of Tanzania. It is responsible for issuing the national currency, the Tanzanian shilling.
This article lists important figures and events in Malaysian public affairs during the year 2004, together with births and deaths of notable Malaysians.
Tun Ismail bin Mohamed Ali was the second Governor of Bank Negara Malaysia and the chairman of the Pemodalan Nasional Berhad (PNB).
The Bank of Ghana is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.
The Bank of Jamaica is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 and was opened on May 1, 1961.
Ungku Zeti Akhtar binti Ungku Abdul Aziz was the 7th Governor of Bank Negara Malaysia, Malaysia's central bank. She served as Governor from 2000 to 2016, and was the first woman in the position and at 16 years, the longest to hold the position. Zeti was one of the members of the Council of Eminent Persons (CEP) in Mahathir's second administration, a special advisory council advising the government on economic and financial matters during this transitional period.
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
According to a 2013 public survey in Malaysia by Transparency International, a majority of the surveyed households perceived Malaysian political parties to be highly corrupt. A quarter of the surveyed households consider the government's efforts in the fight against corruption to be ineffective. Corruption in Malaysia generally involves political connections still playing an important role in the outcome of public tenders.
Dato’ Seri Dr. Awang Adek bin Hussin is a Malaysian politician and diplomat. He is the former Malaysian Ambassador to the United States. He was the Member of the Parliament of Malaysia for the Bachok constituency in Kelantan for one term from 2004 to 2008. Datuk Dr. Awang Adek bin Hussin is no longer an active politician he once was. He had relinquished all his party positions after the General Election in 2018. He remains active as an ordinary party member and is no longer active in party politics. Since 2018, his involvements focused mainly on corporate activities and has been chairmen on a few boards.
2018 in Malaysia is Malaysia's 61st anniversary of its independence and 55th anniversary of Malaysia's formation.
Nor Shamsiah binti Mohd Yunus was the 9th Governor of the Central Bank of Malaysia from 2018 to 2023, replacing Tan Sri Muhammad bin Ibrahim. She served as Deputy Governor of Bank Negara from 2010 to 2013 and from 2013 to 2016. Later, she joined the International Monetary Fund as Assistant Director of the Financial and Capital Markets Division.
Ahmad Badri bin Mohamad Zahir is the former Secretary-General of the Treasury of Malaysia. As secretary-general, Ahmad Badri also serves as Chairman of the Inland Revenue Board of Malaysia (LHDN), Retirement Fund (Incorporated) (KWAP) and the Public Sector Home Financing Board (LPPSA). He also currently is the chairman of Employees Provident Fund (EPF) and sits on the board of directors of Permodalan Nasional Berhad (PNB), Central Bank of Malaysia (BNM), Tabung Haji and the Perbadanan Insurans Deposit Malaysia (PIDM) as an ex officio member. He also serves as a non-independent non-executive director at Tenaga Nasional.
Events in the year 2022 in Malaysia.