Malaysian Currency - brief information about
travel in Malaysia.
The Malaysian currency comes in the form of both
notes and coins. Ringgit banknotes
are issued in the following denominations RM1, RM2, RM5, RM10, RM50
and RM100 while coins are issued in one sen, five sen, 10 sen, 20
sen, 50 sen and RM1 denominations. (Currency
converter)
Foreign currency and traveler's cheques can be converted into
Ringgit at banks or authorized money changers throughout the country.
Resident travelers are allowed to carry into and out of the country
any amount not exceeding RM1,000 per person and also export foreign
currency not exceeding the equivalent of RM10,000 per person.
Those who are carrying in excess of these - when entering or leaving
the country - are required to obtain permission from the Controller
of Foreign Exchange and declare in the Traveler's Declaration Form
the exact amount of Ringgit carried. Approval is usually given
within one day of application.
Non-residents are allowed to bring in any amount of foreign currency
(including traveler's cheques). However, declaration in the
Disembarkation Card issued by the Immigration Department is required
when an amount in excess of US$2,500 is brought into the country.
Non-residents must also obtain permission and declare Ringgit
exceeding RM1,000 when leaving or entering the country.
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