Governor of the Central Bank of Malaysia
From Wikipedia, the free encyclopedia
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.
Governor of the Central Bank of Malaysia | |
---|---|
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 |
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 10th and current Governor is Shaik Abdul Rasheed Abdul Ghaffour, who took over from Nor Shamsiah Mohd Yunus on 1 July 2023.