BNM said the rollout builds on the success of the pilot initiative, which was introduced in April 2024.

“Since its inception, the QRI programme has generated cumulative inflows from participants exceeding US$1 billion (RM4.2 billion) into the domestic financial market,” the central bank said in a statement today.

Eligible resident corporates only need to complete a one-off registration with BNM to benefit from the flexibility in managing future direct investments abroad that will not require the central bank’s prior approval.

“To enjoy the flexibility, corporates must first repatriate and convert eligible foreign currency funds into ringgit upon successful registration with BNM,” it said.

Eligible corporates include all resident corporates that repatriate and convert foreign currency proceeds from overseas investments, and demonstrate good corporate governance and compliance with BNM’s foreign exchange policy.

The QRI programme will be available until June 30, 2028.

For further information, visit bnm.gov.my/fep.