Malaysian money changers outfit extends help on Rupee

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| Malaysia | 11 Nov  2016 | Asia Samachar |
Malaysian Association of Money Services Business (MAMSB)
Malaysian Association of Money Services Business (MAMSB)

The Malaysian Association of Money Services Business (MAMSB) is currently engaging all relevant parties including the currency wholesalers to find a workable solution on the issue of the demonetisation of the existing 500 and 1000 Indian rupee (INR) currency notes.

In a press statement released today (11 Nov 2016), it said for the public in Malaysia in possession of the existing 500 and/or 1000 Indian rupee currency notes and not traveling to India by 30 December 2016 can register your details for them to update if there are any pertinent latest developments or information on this matter.

To register your details, send an email to the association (admin@mamsb.org.my) with the following information: 1. Name 2. Nationality 3. E-mail Address 4. Mobile Number 5. Indian Rupee amount in possession (INR500 & INR1000).

“For those traveling to India by 30 December 2016, you may exchange the existing 500 and/or 1000 Indian rupee currency notes with the banks in India or the Reserve Bank of India as guided by the notification and frequently asked questions issued by the Reserve Bank of India and the Ministry of Finance, Government of India,” it said.

MAMS is the national association for companies in Malaysia that have been granted licences under the Money Services Business Act 2011. All licensees and approved money services business agents are eligible for membership in MAMSB.

 

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