Selangor Journal
A general view of the Bank Negara Malaysia BNM) in Kuala Lumpur, on July 31, 2019. — Picture by REUTERS

Abdul Rasheed the right, most suitable candidate to be BNM governor

KUALA LUMPUR, June 10 — Datuk Shaik Abdul Rasheed Abdul Ghaffour is the right and most suitable candidate to be the leader of the nation’s central bank, said former Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim.

The central bank on Friday (June 9) announced the Yang di-Pertuan Agong has consented to appoint Abdul Rasheed as governor for a five-year term effective July 1, 2023, to June 30, 2028.

“He is the right and most suitable candidate. He will do well in navigating the nation’s monetary and financial stability,” he told Bernama.

In addition, Abdul Rasheed’s strong work ethic, and collaborative and inclusive approaches have served the bank and the country well.

Bank Negara Malaysia deputy governor Datuk Shaik Abdul Rasheed Abdul Ghaffour was appointed the new Governor on June 9, 2023, effective July 1 to June 30, 2028, succeeding Tan Sri Nor Shamsiah Mohd Yunus, who completes her five-year term on June 30, 2023. — Picture by BERNAMA

Muhammad said the responsibility of a central banker is always challenging, given the need to balance the interests of various stakeholders amid the increasingly challenging global financial and economic environment.

Muhammad succeeded Tan Sri Zeti Akthar Aziz as the Governor in 2016.

Two years later, on July 1, 2018, Tan Sri Nor Shamsiah Mohd Yunus was appointed as Governor. Her tenure ends on June 30, 2023.

Meanwhile, Nor Shamsiah in a statement said she is confident that Abdul Rasheed is the right person to helm the bank as governor, having worked closely with him for many years.

“I have full faith in his ability to lead the bank and to continue delivering on the bank’s mandate to promote monetary and financial stability that is conducive to the sustainable growth of the Malaysian economy,” she said.

— Bernama

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