Currencies  

 

 

Type of Currencies

 

Currency code

The Ringgit Malaysia (unofficially known as the Malaysian dollar), is the official monetary unit of Malaysia .

It is divided into 100 sen (cents) and its currency code is MYR.

 
Available Malaysian banknotes:
  • RM1 - blue
  • RM2 - lilac
  • RM5 - green
  • RM10 - red
  • RM50 - blue/grey
  • RM100 - violet

Available Coins

  • 5 cents
  • 10 cents
  • 50 cents
 
 

Currency rate

 

Please refer to Bank Negara Malaysia (BNM, the central bank for Malaysia ) website http://www.bnm.gov.my for the latest major currency exchange rate.

 

Foreign Currency Exchange Control

Malaysia impose a restriction of foreign currency exchange to

  1. Control the out flowing of foreign currency in term of cash and traveller cheques
  2. Control the in and out flow of Ringgit Malaysia (RM) including traveller cheques

Under this control *,

  • Traveling Malaysia residence allowed to take in:
  • Ringgit Malaysia not more than RM1,000 per person, and
  • Any amount of foreign currency in term of cash and traveler cheques   

Traveling Malaysia residence allowed to take out:

  • Ringgit Malaysia not more than RM1,000 per person, and
  • Any amount of foreign currency in term of cash and traveler cheques where total value not more than RM10,000 per person

Traveling non Malaysia residence allowed to take in:

  • Ringgit Malaysia not more than RM1,000 per person, and
  • Any amount of foreign currency in term of cash and traveler cheques

Traveling non Malaysia residence allowed to take out:

  • Ringgit Malaysia not more than RM1,000 per person, and
  • Any amount of foreign currency in term of cash and traveler cheques where total value not more than the total value brought into Malaysia

Application to export currency more than the allowed amount must get approval from Bank Negara Malaysia (BNM, the central bank for Malaysia ) office. Applicant must present prove or documents on his/her needs to take in and take out that amount of money. As example, the document showed is an offer letter from university or college, billing letter on fees and daily expenses from university and doctor's letter on getting oversea medication or check up.

For any inquiries or further details, please contact:

Bahagian Kastam,
Cawangan Import/Eksport,
Ibu Pejabat Kastam Diraja,
Aras 4 Selatan, Blok 2G1B,
Komplek Kementerian Kewangan,
Presint 2, Pusat Pentadbiran Kerajaan Persekutuan,
62596 Putrajaya, Malaysia.
Tel: (603) 8882 2332/2645
Fax: (603) 8889 5881

Atau

Ketua Jabatan,Jabatan Kawalan Pertukaran Wang,
Bank Negara Malaysia
Jalan Dato' Onn,50480
Kuala Lumpur .
Tel: 603-2910772 / 29073532907354 / 2907780
Fax: 603-2937732
Website: http://www.bnm.gov.my

* Please refer to Royal Malaysian Customs website http://www.customs.gov.my for latest updates.