Kindly be informed that an important announcement was made today by Bank Negara to liberalise Malaysia’s foreign exchange policy. This means that with effect from April 15 that resident exporters may now manage the conversion of export proceeds according to their foreign currency cash flow needs. In addition any company participating in the global supply chain can now settle domestic trade in foreign currencies with other residents. Further details will be provided in the revised Foreign Exchange Notice 4 to be issued by Bank Negara.
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