Post
Topic
Board Economics
Re: Malaysia to Limit Cash Transactions in 2020
by
joniboini
on 09/11/2019, 04:16:05 UTC
The limit is for physical cash transactions. If you need to transfer make more than 25K RM, then you need to do it electronically.[1] I don't think that's a huge problem for the people.

I'm not sure how they will monitor it though, maybe need to read the full policy draft.

[1] https://www.theedgemarkets.com/article/bank-negara-wants-cash-transactions-be-capped-rm25000-next-year