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Where a Non-Resident (NR) undertakes settlement for an Export of Goods in Ringgit (RM) in Malaysia, the RM shall be sourced from: |
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(a) |
buying of RM against foreign currency in accordance with Part B of Foreign Exchange Policy (FEP) Notice 1; |
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(b) |
an External Account (EA) of the NR; |
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(c) |
an EA of a NR Financial Institution acting on behalf of the NR, where it shall involve the buying of RM in accordance with Part B of FEP Notice 1; or |
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(d) |
a RM trade financing facility from a Licensed Onshore Bank in accordance with Part D of FEP Notice 2. |
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