BNM's Currency Mandate
BNM is the sole authority empowered to issue Malaysian currency notes and coins, under the Central Bank of Malaysia Act 2009 and the Currency Act 2020.
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Standards and Guidelines
The regulations for currency management and operations are issued by BNM to supplement the laws
The Rounding Mechanism
The Government, through the Ministry of Domestic Trade and Consumer Affairs, has implemented a rounding mechanism to the nearest 5 sen for over-the-counter payments effective 1 April 2008
Currency Declaration Requirement
The Government, through the Royal Malaysian Customs Department, has implemented a Currency Declaration Requirement at all entry and exit points of Malaysia, effective 1 January 2010
