Exchange Control Act 1953
Custom Act 1967

Under the exchange Control Act 1953, the import/export currency control is deemed to be a matter relating to customs. Thus, failure to declare would result in an offence under the Customs Act 1967.

Permitted Currency Limits ( Effective 31 January 2012 )

  • A resident and non-resident are permitted to carry into and out of Malaysia, ringgit notes not exceeding USD 10,000 equivalent per person.
  • There is no limit for a resident and non-resident to carry into and out of Malaysia foreign currency notes and traveller’s cheques but need to declare in Customs Form 22 (Borang Kastam 22) if total amount exceed USD 10,000 equivalent.
  • Should you need to carry ringgit notes, in excess of the permitted limits, prior written permission must be obtained from:

                           Exchange Control Department
                           Bank Negara Malaysia
                           Jalan Dato' Onn
                           50480 Kuala Lumpur.

                           Tel: (60)3-2698 8044 ext 8213

                           Fax : (60)3-2169 2990