Rockwills Advisory : New Forex Rules from Bank Negara

Bank Negara has announced liberalisation of foreign exchange measures. As from 31st January 2012, residents may buy or sell foreign currency against another foreign currency for any purpose, including for trading, but such transactions must be undertaken through a licensed onshore
bank and may not be done as trading against the ringgit. This liberalisation move will improve options available for wealth management.

 

Source from Legal & Marketing Advisory

Link : https://docs.google.com/file/d/0B23AM6yWdT0nQ3AtTWZMVzdveE0/edit

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Friday, February 1st, 2013 article

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