Currency Act 2020 · Updated to 28 Feb 2020 · Part II · Powers Relating to Currency
10. Legal tender
Feedback & supportOnly currency note and currency coin issued by the
currency note
“currency note” means a note issued by the Bank including a commemorative note issued by the Bank for, or to commemorate, a particular event or purpose; Currency 9
Bank shall be legal tender in Malaysia at its face value provided that the currency note is not defaced and the currency coin is not tampered with.
Bank
“Bank” has the same meaning assigned to it in subsection 2(1) of the Central Bank of Malaysia Act 2009;
The currency note and currency coin referred to in subsection (1)
currency coin
“currency coin” means a coin issued by the Bank including a commemorative coin issued by the Bank for, or to commemorate, a particular event or purpose;
shall be legal tender at its face value for a payment not exceeding the maximum aggregate quantity or value of currency note or currency coin as specified in the Second Schedule.