New Bank Negara rule for moneychangers deters patrons

The real deal: Identity cards being presented at a moneychanging outlet in Bukit Bintang during currency exchange. — IZZRAFIQ ALIAS/The Star

JOHOR BARU: A recent Bank Negara rule requiring moneychangers to take down the personal particulars of all customers has not gone down well with the public.Many feel their particulars are being collected to be sold to scammers or to be reported to the Inland Revenue Board (LHDN).

Under the new rule, those who exchange foreign currency worth RM3,000 and below will also need to provide their full name, identification card number, and date of birth.