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-   -   Ringit import - export (https://britishexpats.com/forum/malaysia-148/ringit-import-export-830947/)

steveMY Apr 9th 2014 7:28 pm

Ringit import - export
 
does somebody know the present rules of importing/exporting Ringgit in cash?
some say 1,000 RM some 10,000RM or 10,000 US in equivalent,:confused:

e.g.

http://www.tripadvisor.com/Travel-g2...And.Money.html and
https://globalconnections.hsbc.com/u...and-regulatory
Up to MYR 10,000 in domestic currency may be imported/exported to and from Malaysia freely. Above this sum, permission must be obtained from the COFE. Foreign currency may also be freely exported and imported by residents and non-residents without restriction.

in contrary 1,000RM:
http://www.customs.gov.my/index.php/...rrency-control
and the CUSTOMS DECLARATION
http://www.bnm.gov.my/files/new_curr...om.form.22.pdf

does it mean to declare an amount above 1,000 RM or is it the limit in cash?

any help welcome.

JC3 Apr 10th 2014 12:45 am

Re: Ringit import - export
 

Originally Posted by steveMY (Post 11212662)
does somebody know the present rules of importing/exporting Ringgit in cash?
some say 1,000 RM some 10,000RM or 10,000 US in equivalent,:confused:

e.g.

http://www.tripadvisor.com/Travel-g2...And.Money.html and
https://globalconnections.hsbc.com/u...and-regulatory
Up to MYR 10,000 in domestic currency may be imported/exported to and from Malaysia freely. Above this sum, permission must be obtained from the COFE. Foreign currency may also be freely exported and imported by residents and non-residents without restriction.

in contrary 1,000RM:
http://www.customs.gov.my/index.php/...rrency-control
and the CUSTOMS DECLARATION
http://www.bnm.gov.my/files/new_curr...om.form.22.pdf

does it mean to declare an amount above 1,000 RM or is it the limit in cash?

any help welcome.

Hi,

Take a look here:

http://www.customs.gov.my/index.php/...nt/article/244

You'll see this is more up to date than the link in your original post.

JC3

steveMY Apr 10th 2014 12:59 am

Re: Ringit import - export
 
Hi JC3,
thanks for updating me.
steve

oludunamis Apr 14th 2014 12:15 am

Re: Ringit import - export
 
Hi SteveMY,

I came in with 10k RM in March and decided to declare it, at the customs desk, I was told not neccesary unless if i was carying 10k USD or more

hope this helps

regards

Yemi


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