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 foreigncurrency notes, which are carried on his person or in his baggage, upon his arrivalin Malaysia from any place outside Malaysia, or who is leaving Malaysia for any destinationoutside Malaysia.

1.2 The importation of foreign currency notes;

1.3 The importation and exportation of postal orders, travelers cheques, lettersof 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 tothe direction in paragraph 4, to import, in addition to the method referred to inparagraph 1.1, any amount of Ringgit notes from its correspondent banks or branchesabroad.

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 and2; 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 ofthe month being reported a monthly report to the Controller in the format stipulatedby the Controller, providing information on the amount and the country from whichthe authorised dealer imports or receives the Ringgit notes.