About the Bank Established on 26 January 1959 under the Central Bank of Malaysia Act 1958 (Revised -1994). It is a statutory body wholly owned by the Government of Malaysia with the paid-up capital progressively increased, currently at RM100 million. The Bank reports to the Minister of Finance, Malaysia and keeps the Minister informed of matters pertaining to monetary and financial sector policies. Roles and Functions Among the major role of the Bank is the prudent conduct of monetary policy, which has seen generally low and stable inflation for decades and thereby, preserving the purchasing power of the ringgit. The Bank is also responsible for bringing about financial system stability and fostering a sound and progressive financial sector. There is now in place a well diversified, comprehensive and resilient financial sector, that is able to meet the increasingly sophisticated needs of consumers and businesses, and which has become a growth driver in the economy. The Bank also plays a significant developmental role, including development of financial system infrastructure with major emphasis placed on building the nation’s efficient and secured payment systems as well as the necessary institutions (including Securities Commission, KLSE, now known as Bursa Malaysia and Credit Guarantee Corporation) which are important towards building a comprehensive, robust and resilient financial system. The Bank actively promotes financial inclusion, which has led to improved access …
Question by Jennifer P: How easy is it to get a credit card after completing a debt management program?
I’m months from being paid off with a credit score of 736, so it seems I’m in good shape. Anybody know?
Best answer:
Answer by Timon
Oh you will be getting credit card offers immediately. I know, I’ve seen it! If you had problems with credit before, I wouldn’t do it again. Stay on your program and save your money. The money that you used to pay your debt should go into savings to pay for something you really need—a house, a car, etc.
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