Q&A on Asian Bus.

This is the place that our Editors will reply to your various questions about doing business in Asia.
Please utilize it as a solution to the issues you have doing your daily business across Asia.

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Can loans in currencies other than the Malaysian Ringgit be made?

  • FAQ: MALAYSIA
  • Date: 15.07.2010

Loans in foreign currencies may be made to residents for business and productive purposes in Malaysia. However, foreign currency loans exceeding in aggregate the equivalent of RM10 million to resident individuals and RM100 million to resident corporations require prior approval of the Controller of Foreign Exchange.

For more details, see Asia Business Guide , [MAL ¶55-014] Currency to be used for loans