Very little is known about the proposed scheme by BNM, but from various reports in the media, it appears that :
While this is true to a fair extent, what bothers consumers is, why is such an illegal activity continuing to flourish in all parts of the country, in the small towns even?
Bank Negara’s proposal to increase the cost of using cheques from 15 sen to 65 sen beginning April 2014, is unwarranted and should be withdrawn.
The decision makes good economic sense. Had the decision been made earlier it could have saved local business millions of ringgit.