Currency Act 2020 · Updated to 28 Feb 2020 · Part II · Powers Relating to Currency
17. Preservation of quality and integrity of currency
Feedback & supportFor the purpose of preserving the quality and integrity, or promoting the reissuance or recirculation of currency note or currency coin, the Bank may—
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
enter into a contract or other arrangement with a financial institution or a registered currency processor; or
financial institution
“financial institution” means— (a) a licensed bank under the Financial Services Act 2013, a licensed Islamic bank under the Islamic Financial Services Act 2013 and a prescribed institution under the Development Financial Institutions Act 2002; or (b) any person declared as a financial institution in the First Schedule;
take any measures or facilitate any actions as the Bank deems fit.
Bank
“Bank” has the same meaning assigned to it in subsection 2(1) of the Central Bank of Malaysia Act 2009;