Currency Act 2020 · Updated to 28 Feb 2020 · Part III · Offences Relating to Currency
20. Prohibition from melting down of currency coin
Feedback & supportNo person shall, with the intention to make profit, melt down any currency coin unless authorized by the Bank.
person
“person” means any natural person, corporation, statutory body, local authority, society, trade union, co-operative society, partnership or any other body, organisation, association or group of persons, whether corporate or unincorporated and includes the Government and any State Government;
The Bank may, in granting any authorization under subsection (1), impose any condition or restriction 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;
Any person who contravenes subsection (1) or (2), commits an offence and shall, on conviction—
in the case of a natural person, be liable to a fine not exceeding fifty thousand ringgit or imprisonment for a term not exceeding one year or to both; or
in the case of a body, incorporated or unincorporated, be liable to a fine not exceeding one hundred thousand ringgit.