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In forceUpdated to 1 Nov 2020Read it in Bahasa Malaysia
Contents

Part IX · Foreign Reserves

67. Duty of the Bank to hold and manage foreign reserves

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(1)

It shall be the duty of the Bank at all times to hold and manage foreign reserves for the purposes of giving effect to its objects, carrying out its functions under this Act and maintaining public confidence.

(2)

Subject to section 68, the foreign reserves held and managed under subsection (1) shall consist of the following:

(a)

gold or other precious metals;

(b)

foreign currency;

(c)

securities of, or guaranteed by—

(i)

governments or agencies of such governments; or

(ii)

international financial institutions;

(d)

any readily available drawing facility of such international financial institutions;

Central Bank of Malaysia 67

(e)

bills of exchange; and

(f)

such other securities and other financial instruments including derivatives.

Report

Read on from s 68

Part X

Relations with Government

Read on from Part X

Part XI

Other Powers of the Bank

Read on from Part XI

Part XII

International Matters

Read on from Part XII

Part XIII

Officers and Employees

Read on from Part XIII

Part XIV

General

Read on from Part XIV

Part XV

Repeal, Savings and Transitional

Read on from Part XV

Schedules