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LEGISLATION
A. Central Bank Act 1958
- Govern Bank Negara Malaysia(BNM)
- Watson-Caine Report 1956 – main principles:
(a) Issuance of currency and saving to control the value of
currency.
(b) Act as a bank and financial advisor to govt.
(c) Make sure the financial stability and financial structure
in good condition.
(d) To influence credit situation so to give good effect to
Malaysia.
- Central Bank of Malaysia Act 1958 repealed.
Central Bank of Malaysia Act 2009