Bank Negara issued a statement today that in Malaysia, the only legal tender is Ringgit (and sen). I am quite surprised that there are people using "Dinar" in Malaysia for their purchases. Well, if you are making online purchases then all currencies are legal tender depending on which country the store is based in. Of course, USD is the global currency.
But if you are doing sales in Malaysia, and you would like to accept all forms of currencies, you can do so if your customers pay by credit card. I have seen notices of these in retail stores in KLCC where many of the customers are from overseas.
For cash business though, even if Ringgit is the only legal tender, I don't think it hurts, especially if the currency is stronger. Teehee
But if you are doing sales in Malaysia, and you would like to accept all forms of currencies, you can do so if your customers pay by credit card. I have seen notices of these in retail stores in KLCC where many of the customers are from overseas.
For cash business though, even if Ringgit is the only legal tender, I don't think it hurts, especially if the currency is stronger. Teehee
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