31st South East Asia Net Convention [SEANET2003]

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M'sian Currency

Thank you for coming to 31st SEANET Convention. The Convention held on 27th - 30th November 2003 at Eden Garden Hotel, Johor Bahru was a big success. Everybody had a good time during this eyeball QSO which further strengthen the spirit of cooperation and friendship among HAMS of the world. Contest result is posted in Contest Page under Contest Results. Photos of the activities posted under Link [Morning After].


Money

Currency: Ringgit (RM) = 100 sen. Notes are in denominations of RM1000, 500, 100, 50, 20, 10, 5, 2 and 1. The RM1000 and RM500 notes are now being phased out. Coins are in denominations of 50, 20, 10, 5, 1 sen and also RM1. There are also a large number of commemorative coins in various denominations which are legal tender. The Ringgit is often referred to as the Malaysian Dollar.

Currency exchange: The best currency for exchange is the Pound Sterling, but US Dollars are also widely accepted. Although all major currencies can be exchanged easily in the main tourist centres, problems may occur elsewhere. All visitors need to fill in a Travellers Declaration Form (TDF); see Currency Restrictions below for details.

Credit cards: MasterCard, Visa, Diners Club and American Express are accepted. Check with your credit card company for details of merchant acceptability and other services which may be available.

Travellers cheques: Accepted by all banks, hotels and large department stores. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling, US Dollars, or Australian Dollars.

Exchange rate indicators: The following figures are included as a guide to the movements of the Ringgit against Sterling and the US Dollar:

Date Oct '99 Nov '99 May'00 Aug '00 Apr '01
£1.00= 6.25 6.26 5.64 5.70 5.50
US$1.00= 3.80 3.80 3.80 3.80 3.80

 

Currency restrictions with effect from 1 October 1998

A Travellers Declaration Form (TDF) must be filled in by all arriving and departing travellers (including children) regardless of the amount of currency carried. Permitted currency limits are as follows:

  • A resident and a non-resident is permitted to carry into and out of Malaysia, ringgit notes not exceeding RM1,000 per person.

  • There is no limit on the amount of foreign currency notes and travellerís cheques carried into Malaysia by resident and a non-resident.

  • A resident is permitted to carry out of Malaysia, foreign currency notes including travellersí cheques, not exceeding RM10,000 equivalent per person.

  • A non-resident is permitted to carry out of Malaysia, foreign currency notes including travellersí cheques, not exceeding the amount brought in. The TDF form is given out on all inbound Malaysia Airlinesí flights and at check-in counters. It should be handed to the immigration officer together with the disembarkation card and passport.


Banking hours: 0930-1500 Monday to Friday; 0930-1130 Saturday. Banks in Johor open at 0800 and usually break for lunch (1200-1400).


Tours Travel Tips Customs Entry Visa M'sian Currency Climate The Eden Garden Hotel

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Last modified: 12/07/03