MYR – Malaysian Ringgit
MYR is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not allowed outside of Malaysia. Moreover, for regulatory reasons, it is not possible to make MYR payments to beneficiaries holding an account with Labuan Bank.
This currency is considered to be standardized.
- Currency Guidelines
Only the standard information is mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Malaysia: http://www.bnm.gov.my/