Malaysia central bank governor resigns

Muhammad quits amid intensifying pressure over land purchase and 1MDB scandals

Muhammad-bin-Ibrahim_Bank Negara_BNM credit_web.jpg
Muhammad Ibrahim's five-year term was supposed to end in 2021

Bank Negara Malaysia governor Muhammad Ibrahim has resigned, saying he lost the “strong trust” of the country’s citizens. His resignation comes amid intensifying pressure over the central bank’s acquisition of land from the previous administration.

Malaysia’s prime minister Mahathir Mohamad confirmed the resignation today (June 6) at a press briefing.  The BNM issued an official statement saying the cabinet had accepted Ibrahim’s offer to step down. Mahathir told reporters that the government

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account