Central Bank of Malaya Ordinance 1958

E808978

The Central Bank of Malaya Ordinance 1958 was the foundational law that established the central banking framework for Malaya prior to the formation of Bank Negara Malaysia.

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Central Bank of Malaya Ordinance 1958 canonical 1

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Statements (36)

Predicate Object
instanceOf central banking law
legislation
appliesTo Federation of Malaya NERFINISHED
associatedWith post-colonial economic development of Malaya
concerns monetary and financial system of Malaya
country Federation of Malaya NERFINISHED
countryAfterSuccession Malaysia NERFINISHED
definesRoleOf central bank in Malaya
enactedBy Legislative Council of the Federation of Malaya NERFINISHED
establishesFrameworkFor central bank functions in Malaya
field banking law
financial regulation
public law
historicalPeriod pre-independence and early post-independence Malaya
historicalSignificance foundational law for central banking in Malaya
influenced development of Bank Negara Malaysia
jurisdiction Malaya NERFINISHED
language English
legalCategory economic legislation
legalForm ordinance
legalSystem Malayan law
precedes Bank Negara Malaysia Act 1958 NERFINISHED
Central Bank of Malaysia Ordinance 1958 NERFINISHED
purpose to establish a central banking framework for Malaya
to promote monetary stability in Malaya
to regulate currency and credit in Malaya
region Southeast Asia
regulates banking operations of the central monetary authority in Malaya
issue of currency in Malaya
relatedTo Bank Negara Malaysia NERFINISHED
replacedBy subsequent Malaysian central banking legislation
status repealed
subject central banking
currency regulation
financial stability
monetary policy

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BNM predecessorAct Central Bank of Malaya Ordinance 1958