Is it illegal to sell products in USD in Malaysia? Does it breach the Central Bank Act?

Answer 1

It seems to me that since the USD to MYR exchange rate is more or less fixed, it shouldn't make much difference. However, the Bank Negara Malaysia web site isn't clear on that one. Here is a point of contact at the Bank Negara who can probably answer your question:

Foreign Exchange Administration Department
Bank Negara Malaysia
Jalan Dato Onn
50480 Kuala Lumpur

Telephone: [phone] ext / 8486/ 7868
Facsimile: 03-2693 7732, 03-2694 3991
E-mail: ecams_ jppa @bnm.gov.my