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Bank Negara Malaysia (BNM) is pleased to announce further liberalisation of foreign exchange policy (FEP) which provides greater flexibilities to businesses as part of our continued efforts to strengthen Malaysia’s position in the global supply chain and to foster a conducive environment in attracting foreign direct investment (FDI) into Malaysia.
The gradual liberalisation process over the recent years has been consistent with Malaysia’s stronger external position and a more resilient financial market. Therefore, these measures will provide greater flexibilities to the export-oriented industries to better support the economic recovery.
The above measures are effective 15 April 2021. Further details of the measures will be provided in the revised Foreign Exchange Notices issued by BNM on the same date.
See also: Frequently Asked Questions (FAQ)
 Global supply chain is defined as a business activity where resident importers purchase goods or services from overseas to support production and distribution of goods or services by resident exporters for their export activities. This includes domestic trade transactions between the resident importer and the resident exporter undertaken through resident intermediaries.
 Exceptional circumstances are defined as a situation where exporters have no control over the delay in receiving the export proceeds e.g. their buyers are in financial difficulties (see FAQs for more details)
 Such as netting of export receivables against import payables with the same overseas buyer and supplier (see FAQs for more details).
Bank Negara Malaysia
31 Mar 2021
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