The Central Bank of Malaysia, known as Bank Negara Malaysia, is the country's primary financial institution. Established in 1959, its main responsibilities include regulating the monetary policy, managing the national currency, and overseeing the banking sector to ensure financial stability. Bank Negara Malaysia also plays a crucial role in promoting economic growth and development. It implements policies to control inflation, manage foreign exchange reserves, and support the overall financial system, ensuring that it operates efficiently and effectively for the benefit of the Malaysian economy.