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

• A resident and non-resident are permitted to carry into and out of Malaysia, ringgit notes not exceeding RM 1,000 per person.

• There is no limit for a resident and non-resident to bring in foreign currency notes and traveller’s cheques to Malaysia but non-resident need to declare in Customs Form 22 (Borang Kastam 22) if total amount exceed USD 10,000.

• A resident is permitted to carry out of Malaysia, foreign currency and traveller’s cheques up to USD 10,000.

• A non-resident is permitted to carry out of Malaysia, foreign currency and traveller’s cheques not exceeding the amount declared when arriving into Malaysia.

• Should you need to carry ringgit notes, foreign currency notes and traveller’s cheques in excess of the permitted limits, prior written permission must be obtained from:

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

                          Tel: 03-2698 8044 ext 8213