Central Bank of Malaysia Act 2009 Part IX — Foreign reserves

s 67–s 68 · 2 sections

Duty of the Bank to hold and manage foreign reserves

s 67

(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; (e) bills of exchange; and (f) such other securities and other financial instruments including derivatives.

Policies and guidelines on foreign reserves

s 68

The Bank shall hold and manage the foreign reserves in accordance with the policies and guidelines established by the Board.

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Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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