Currency Act 2020 · Updated to 28 Feb 2020 · Part I
4. Powers and functions of Bank
Feedback & supportThe powers and functions of the Bank under this Act are in addition to, and not in derogation of, the powers and functions of the Bank under the Central Bank of Malaysia Act 2009.
Bank
“Bank” has the same meaning assigned to it in subsection 2(1) of the Central Bank of Malaysia Act 2009;
The Governor shall exercise such powers and perform such functions of the Bank under this Act on behalf of the Bank.
The Bank may, either generally or in a particular case, appoint any person, including an officer of the Bank, whether in or outside Malaysia—
person
“person” means any natural person, corporation, statutory body, local authority, society, trade union, co-operative society, partnership or any other body, organisation, association or group of persons, whether corporate or unincorporated and includes the Government and any State Government;
to exercise any of the powers or perform any of the functions, of the Bank, under this Act on behalf of and in the name of the Bank; or
Currency 11
to render such assistance in the exercise of any of the powers or performance of any of the functions, of the
Bank, under this Act.