EXCHANGE CONTROL ACT, 1953
IMPORT AND EXPORT OF CURRENCY NOTES, BILLS OF EXCHANGE, ASSURANCE POLICIES, ETC.

GENERAL PERMISSION

1. The Controller has through the Exchange Control (Import and Export)(General) Order 1982 given permission for -

1.1 A traveler to import and export any amount of Ringgit notes or any foreign currency notes, which are carried on his person or in his baggage, upon his arrival in Malaysia from any place outside Malaysia, or who is leaving Malaysia for any destination outside Malaysia.

1.2 The importation of foreign currency notes;

1.3 The importation and exportation of postal orders, travelers cheques, letters of credit, assurance policies, bills of exchange, promissory notes and similar documents;

1.4 The importation or exportation of any certificate of title to any security; or

1.5 The importation and exportation of gold.

2. The Controller hereby gives permission to an authorised dealer, subject to the direction in paragraph 4, to import, in addition to the method referred to in paragraph 1.1, any amount of Ringgit notes from its correspondent banks or branches abroad.

REQUIREMENT FOR PRIOR PERMISSION

3. The prior permission of the Controller is required for any person to -

3.1 Import or export Ringgit notes other than as permitted in paragraphs 1.1 and 2; or

3.2 Export foreign currency notes other than as permitted in paragraph 1.1

DIRECTIONS TO AUTHORISED DEALERS

4. An authorised dealer is required to submit within 14 days after the end of the month being reported a monthly report to the Controller in the format stipulated by the Controller, providing information on the amount and the country from which the authorised dealer imports or receives the Ringgit notes.