Traveller's

07 Dec

Beware of Fake Money Lending Licence

Bank Negara Malaysia (Bank) would like to caution members of the public on the recent modus operandi by persons or companies conducting illegal money lending activities using fake money lending licences purportedly issued by the Bank. These fraudsters aim to deceive the public to believe that they are licensed money lenders and to lure the

04 Sep

Response to The Star article entitled “Beware these slick phonies”

Counterfeit RM100 Banknotes are of low quality This is with reference to the article entitled "Beware these slick phonies" published in The Star on 4 September 2017. The Bank would like to reiterate that incidences of counterfeit banknotes remain low and were isolated cases. Any insinuation that the incidences of counterfeit notes are prevalent w

15 Sep

Alert on SMS Scam and Fake Website Involving Bank Negara Malaysia Name

Bank Negara Malaysia (Bank) is aware of an SMS that claims to be from the Bank, directing the recipient to a website which requests for personal information. The Bank does not send any SMS from 15888 (or any other service providers) which says "Charges RM0.50 BNM, Bank memberikan 3% subsidi. http://www.mybnm.net/". The link opens up to a fake webs

30 Jun

Bank Negara flags another 14 unapproved firms, websites

KUALA LUMPUR: Bank Negara Malaysia (BNM) has added another 14 companies and websites under its Financial Consumer Alert list which are neither authorised nor approved under the relevant laws and regulations.The central bank said on Thursday the latest number increased the list to 334 companies as it stepped up its surveillance of the companie

18 Nov

Malaysia central bank says it's intervening in currency market as ringgit slide deepens

KUALA LUMPUR (BLOOMBERG) - Malaysia's central bank said it's intervening in the currency market as policy makers across the region contend with exchange-rate volatility. Fears of capital controls are "baseless" and it's too damaging and risky to have such measures, Bank Negara Malaysia Assistant Governor Adnan Zaylani told reporters in Kuala Lumpu

11 Nov

Statement by Financial Markets Committee on Financial Market Stabilisation Measures

With the surge in volatility, the ringgit foreign exchange market has become prone to extreme movements. “Recent offshore market activities have brought on significant volatility and undue adverse influence on ringgit prices. As the ringgit is a non-internationalised currency, prices should be fully determined by onshore financial market tran

13 Nov

Prohibiting Facilitation of NDF Related Transactions

Bank Negara Malaysia would like to state that there is no change in the Foreign Exchange Administration (FEA) rules and there is no introduction of any new measures. Ringgit remains as a non-internationalised currency, thus any offshore trading of ringgit such as ringgit non-deliverable forward (NDF) is not recognized. The Bank is taking measures t