Malaysian law governing Make Money Fast/Chain Letter Schemes

At this time, the details on this law (name, code, etc) are unknown, but the following excerpt from a usenet news post gives some information (emphasis mine):

(1) Where in any publication there is maliciously published any false news, the printer, publisher, editor and the writer thereof shall be guilty of an offence and shall, on conviction, be liable to imprisonment for a term not exceeding three years or to a fine not exceeding twenty thousand ringgit or to both.

(2) For the purposes of this section, malice shall be presumed in default of evidence showing that, prior to publication, the accused took reasonable measures to verify the truth of the news.

Now - does anyone know what twenty thousand ringgit is worth in dollars? (grin)