Multi-agency office to boost financial literacy, help teach M'sians to avoid fraud and debt

Business

Published on 3 Oct 2025 9:36:27 PM

A multi-agency coordination office hosted by Bank Negara Malaysia (BNM) will be set up in January 2026 to boost financial literacy and tackle rising financial risks.

BNM Governor Datuk Seri Abdul Rasheed Ghaffour said the
initiative aims to address challenges such as scams, over-indebtedness and poor money management, particularly among youth and vulnerable groups.

Speaking at the launch of the National Financial Literacy Strategy (NS2.0) 2026–2030 and Financial Literacy Month 2025, Abdul Rasheed added that Malaysia’s financial literacy has improved by over 13% since 2019, but knowledge alone is not enough.

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