Is there a legal limit I can pay in coins? Can a shop refuse coins for payment?
Only banknotes and coins issued by Bank Negara Malaysia (BNM) are legal tender (i.e. can be used legally in Malaysia).
The banknotes and coins must not be defaced for it to be legal tender.
In the case of coins, there are limits to which you can use them to make payments.
The table below indicates the maximum limits that you can use coins to make payments.
||Legal Tender Status
|Coins exceeding RM1 (e.g. commemorative coins)
||Any amount based on the face value of the coin
|50 sen and RM1 coins
||Up to RM10.00
|Coins less than 50 sen
||Up to RM2.00
However, there is no limit in using banknotes to make payments.
limits to which you can use coins to make payments.
Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)
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