Kuala Lumpur: Bank Negara Malaysia (BNM) will roll out the Qualified Resident Investor (QRI) programme for eligible corporates fully, effective July 1, 2025, to encourage two-way flows in the onshore foreign exchange market. BNM said the rollout builds on the success of the pilot programme, which was introduced in April 2024.

According to BERNAMA News Agency, since its inception, the QRI programme has generated cumulative inflows from participants exceeding US$1 billion (US$1=RM4.23) into the domestic financial market. 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 this flexibility, corporates must first repatriate and convert eligible foreign currency funds into ringgit upon successful registration with BNM. 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 (FEP). The QRI programme will be available until June 30, 2028.

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