KUALA LUMPUR: Bank Negara Malaysia’s (BNM) proposal to set a cash transaction limit (CTL) of RM25,000 per transaction next year has received a mixed reaction from businesses, with some quarters suggesting it should be at least RM50,000.
ASEAN Chamber of Commerce president, Datuk Moehamad Izat Emir said limiting physical cash transactions to just RM25,000 was a bit too drastic, and hoped the regulator would undertake a further study on this.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
