Foreign Exchange Policy

As part of efforts to encourage two-way flows in the onshore foreign exchange market, Bank Negara Malaysia (BNM) is pleased to announce the full rollout of the Qualified Resident Investor (QRI) Programme for eligible corporates, effective 1 July 2025.

This rollout builds on the success of the pilot programme, which was introduced in April 2024. Since its inception, the QRI programme has generated cumulative inflows from participants exceeding USD1 billion into the domestic financial market.

About the QRI Programme

• Eligible resident corporates only need to complete a one-off registration with BNM to benefit from the flexibility in managing future direct investments abroad that will not require prior approval from BNM.
• To enjoy the flexibility, corporates must first repatriate and convert eligible foreign currency funds into ringgit upon successful registration with BNM.
• Eligible corporates include all resident corporates that:
  1. repatriate and convert foreign currency proceeds from overseas investments; and
  2. demonstrate good corporate governance and compliance with the foreign exchange policy (FEP) of BNM.
• The QRI programme will be available until 30 June 2028.

Further details about this programme can be found at www.bnm.gov.my/fep/flexibilities/qri.

See also:

1. Information Note on the QRI programme
2. Frequently Asked Questions