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
News @ Tourist
Currency Exchange Control
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...Read More...
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