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Act A1616: The Central Bank of Malaysia (Amendment) Act 2020 which comes into operation on 1 October 2020.

Central Bank of Malaysia (Amendment) Act 2020 is an Act to amend the principal Act, the Central Bank of Malaysia Act 2009. The highlight of the amending Act is the deletion of sections 62, 63 and 64 which confers the sole right to issue and call in currency notes and coins, as legal tender in Malaysia to the Central Bank of Malaysia. Furthermore, the principal Act is amended by inserting the new Section 66A which deals with the powers and functions of the Bank under the Currency Act 2020 in relation to the exchange rate regime for Ringgit.

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