Subsidiaries

MEPS CURRENCY MANAGEMENT SDN BHD

MEPS Currency Management Sdn Bhd (MEPS Currency) began operations in April 1998. It is the sole agent of Bank Negara Malaysia to undertake sorting, processing and distributing of currency notes activities.

MEPS Currency currently operates from 6 branches, located nationwide, i.e. Shah Alam, Kuala Terengganu, Pulau Pinang, Kuching, Kota Kinabalu and Johor Bahru.

Its primary roles are as follows:

  • Processing the used currency notes from commercial banks using automated currency processing machines in accordance with procedures stipulated by Bank Negara Malaysia.
  • Destroying soiled/reject currency notes and the disposal of destroyed currency notes in compliance with the requirement of relevant government agencies.
  • Receiving cash deposits and issue cash from/to commercial banks in accordance with Bank Negara Malaysia’s manual on cash operation.

In 2004, MEPS Currency obtained the ISO 9001:2000 certification for notes processing and distribution.

In 2013, it purchased the DLR7000 with auto-bundling – creating history as the first of its kind in Asia. The machine will boost banknotes processing capacity and staff efficiency. It will also give MEPS Currency the technological edge in banknotes processing.