Payment in foreign currency between Resident and Non-Resident is permitted for any purpose subject to compliance with the following Foreign Exchange Policy (FEP) Notices which are not exhaustive:
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However, the following payments between Resident and Non-Resident are NOT PERMITTED: |
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a) |
a foreign currency-denominated derivative or Islamic derivative offered by a Resident unless approved by Bank Negara Malaysia (BNM) under Part B2 of Foreign Exchange Policy (FEP) Notice 5 or otherwise approved in writing by Bank Negara Malaysia (BNM); |
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b) |
a derivative or Islamic derivative which is referenced to Ringgit unless approved by BNM under Part B2 of FEP Notice 5 or otherwise approved in writing by BNM; or |
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c) |
an Exchange Rate Derivative offered by a Non-Resident unless approved by BNM under FEP Notice 1 or otherwise approved in writing by BNM. |
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