This Exposure Draft sets out the following:

(a) criteria in determining the quality of currency in circulation;

(b) standards in processing and recirculating currency to the public;

(c) standards in handling suspected counterfeit Malaysian currency in Malaysia;

(d) requirements to record and report suspected counterfeit Malaysian currency;

(e) timeline to lodge a report with Polis Diraja Malaysia of suspected counterfeit Malaysian currency; and

(f) requirements to have competent staff and possess suitable currency processing machines.

The Bank invites written comments on this Exposure Draft, including suggestions for particular issues or areas to be clarified and any alternative proposals that the Bank should consider. To facilitate the Bank’s assessment, please clearly notate the relevant paragraph which relates to the comment provided and support each comment with a clear rationale and accompanying evidence, as appropriate. Responses must be submitted electronically in the prescribed format and addressed to [email protected] by 30 April 2023.

Issuance Date:
22 February 2023

Issuing Department:
Currency Management and Operations

Document:
Exposure Draft on Quality and Integrity of Currency