Well, maybe for lower class people it's not too problematic but this will be a problem for private companies or those who have businesses.
I think it was mentioned that businesses were exempt from this limitation.
This is almost unbelievable to me, that a gov't would limit citizens' access to cash. If that isn't a huge slap in the face and a threat to basic freedoms, I don't know what is. Malaysian people ought to be protesting in the street, even if they wouldn't be affected by the limitation.
I think the Malaysian gov't is using a backhanded method of making its people go cashless, by using the excuse that large amounts of cash in people's hands equals crime. The U.S. gov't stopped making bills larger than $100 for that reason, but at least there's no limit to what people in the states can carry. Heaven help us if that ever happens.
Where some people love the idea of the Malaysian government cash transaction restrictions, you think their actions was just a huge step in the face and the last time I checked the Malaysian government are among one of the reasonable government in the Asian continent. Read the message posted by
which seems to be from there and you'll understand the reason the restriction is important.