OVERNIGHT
POLICY RATE
2.75%
as at 04 Sep 2025
MGS 10 YEAR
YIELD
3.49%
as at 10 Oct 2025
MYOR
2.75%
as at 10 Oct 2025
KL USD/MYR
REF RATE
4.2223
as at 10 Oct 2025
Daily FX
Turnover
USD 13.64B
as at 10 Oct 2025
Payment in Ringgit

A non-resident is free to make or receive payment in ringgit in Malaysia, to or from a resident or a non-resident, for the following purposes:

Purpose of Use and Source of Funds Between Non-Resident and Resident Between
Non- Residents

Settlement of a ringgit asset including any income and profit due from the ringgit asset

 ✔ ✔

Settlement of trade in goods

 ✔ ✔

Settlement of services, in any manner

 ✔ ✔

Income earned or expense incurred, in Malaysia

 ✔ ✔

Settlement of a commodity murabahah transaction undertaken through a commodity trading service provider

 ✔ ✔

Settlement of reinsurance for domestic insurance business or retakaful for domestic takaful business between a resident and a person licensed to undertake Labuan insurance or takaful business

 ✔  

Settlement of court judgement where the transaction under litigation is undertaken in compliance with the FE Notices

 ✔  

For any purpose between immediate family members

 ✔ ✔

Payments on behalf of non-resident clients using funds in the External Account are allowed as follows:

By For the purpose of

Non-resident financial institution

Settlement of international trade in goods or services with a resident

Non-resident intermediary or non-resident custodian or trust bank

Settlement of ringgit assets

Payments or receipts from or into an External Account is allowed provided that the non-resident is able to produce documentary evidence that the purpose of transaction complies with relevant FE Notices in accordance with onshore banks’ internal due diligence process.

Further Information

Notice 4 - Payment and Receipt >

Frequently Asked Questions (FAQs) >