{"id":102,"date":"2026-01-20T17:41:09","date_gmt":"2026-01-20T17:41:09","guid":{"rendered":"https:\/\/malaysian-business.com\/wptest\/2026\/01\/20\/bank-negara-refines-operational-arrangement-on-export-proceeds-conversion\/"},"modified":"2026-01-23T18:17:50","modified_gmt":"2026-01-23T18:17:50","slug":"bank-negara-refines-operational-arrangement-on-export-proceeds-conversion","status":"publish","type":"post","link":"https:\/\/malaysian-business.com\/portal\/2026\/01\/20\/bank-negara-refines-operational-arrangement-on-export-proceeds-conversion\/","title":{"rendered":"Bank Negara Refines Operational Arrangement on Export Proceeds Conversion"},"content":{"rendered":"<p>Kuala Lumpur, Feb 8 &#8211; With reference to a recent media report on the foreign exchange rules, Bank Negara Malaysia reminds and reiterates, in a statement, that the changes made effective from Feb 6, 2017, are not an easing of restrictions, but rather a refinement of existing operational arrangements between onshore banks and Bank Negara Malaysia.<\/p>\n<p>Onshore banks have always been free to trade in any amount in the domestic foreign exchange interbank market. The refined operational arrangement relates to export proceeds conversion rules.\u00a0<\/p>\n<p>Bank Negara notes that to facilitate businesses&#8217; banking needs, onshore banks can now utilise export proceeds conversion of less than US$1 million per transaction to meet their clients\u2019 foreign currency requirements without referring to Bank Negara.\u00a0<\/p>\n<p>\u201cThis allows the onshore banks to better manage their conversion operations during the day without compromising on the overall objective of the measures announced on Dec 2, 2016,\u201d it states.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuala Lumpur, Feb 8 &#8211; With reference to a recent media report on the foreign exchange rules, Bank Negara Malaysia reminds and reiterates, in a statement, that the changes made effective from Feb 6, 2017, are not an easing of restrictions, but rather a refinement of existing operational arrangements between onshore banks and Bank Negara [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-102","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=102"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/102\/revisions"}],"predecessor-version":[{"id":5895,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/102\/revisions\/5895"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}