Published June 3, 2011 | 
Official Bank Negara Malaysia Web site
Jimat dan Senang Kira – Bahasa
The Malaysian Government wishes to announce the introduction of a Rounding Mechanism to the nearest several of five sen for over-the-counter payments to be completely implemented by 1 April 2008. The Rounding Mechanism only applies to the total quantity of a bill and not on person items. In the Rounding Mechanism exercise, the total quantity of a bill which ends in 1, two, 6 and 7 sen will be rounded down whilst the total bill which ends in 3, 4, 8 and 9 sen will be rounded up to the nearest multiple of 5 sen. The implementation of the Rounding Mechanism brings benefits to each organizations and consumers. Organizations will be able to save on handling expenses and for clients, it will make payment more rapidly and more convenient. Basic suggestions of rounding 1. The total quantity of a bill (like goods and solutions subject to tax) that ends in 1, two, 6 and 7 sen to be rounded downwards and three, 4, eight and 9 sen to be rounded upwards to the nearest numerous of 5 sen. two. Applicable to all more than-the-counter payments, be it cash or non-money. 3. The Rounding Mechanism table need to be clearly displayed at the point of sale to ensure buyers are appropriately informed. four. Receipts / bills / invoices really should characteristic the total quantity ahead of and following the rounding adjustment. five. The 1 sen coin shall continue to be legal tender. Information/enquiries More details can be obtained at Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna’s (KPDNHEP) internet site www.kpdnhep.gov.my or Bank Negara …
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