The Central Bank of Malaysia was established on January 26, 1959 in Kuala Lumpur. The currency it is authorized to print is Malaysian Ringgit. Its main purpose is to provide consultancy and banking services to the central government on monetary policies. Financial public institutions and other private institutions in the country have the task of regulating credit systems and determining monetary policies. The only authorized bank to print the ringgit is the Central Bank of Malaysia. The bank's short code is BNM, the internationally known code of the Malaysian ringgit is MYR.
