Central Bank of Malaysia

Central Bank of Malaysia has a responsible as a defender of the economy in Malaysia. This is because Central Bank of Malaysia (BNM) is needed for the management of money and credit or to control the monetary system of the country. In this article, Bank Negara tells investors to be wary of attractive opportunities. This topic is related to the objectives and the function of the Bank Negara Malaysia. Based on the BNM objective and the function, this is to act as a banker and financial adviser or agent to the government and also keeper of international reserves.

International reserves are gold, foreign exchange, reserve position, International Monetary Fund (IMF) and Special Drawing Rights (SDRs).The BNM function of holding the nation’s international reserves was automatically derived its function as the bank of issue. Gold and foreign exchange has been the component of external reserves held by Bank Negara Malaysia.

The country’s holdings of official external reserves are centralised at BNM. BNM’s international reserves comprise gold, foreign exchange, the reserve position with the International Monetary Fund and holdings of Special Drawing Rights.

The Bank Negara was seized the assets and accounts of the company Genneva Malaysia Sdn Bhd, Pageantry Gold Bhd, Caesar Gold Sdn Bhd and Worldwide Far East Bhd. This is because that company do attractive opportunities to the public for the investment. The assets and accounts are preserved for the purpose of facilitating investigations into the suspected offences and to protect the interest of the investor.

The Bank Negara gives an advice to the investor and public to be more carefully before chosen any company to do the investment. There are so many companies in Malaysia do illegal investment. The investors should be cautions of investment schemes that promise high returns over a short period of time with