PETALING JAYA: The ringgit will have a new look next year, announced Bank Negara.
The new series design of Malaysian banknotes and coins would be issued for circulation in early 2012, an exercise undertaken periodically every 12 years, said the central bank in a statement yesterday.
“The theme for the design of the new currency series will include features that are distinctively Malaysian.
“It will also have enhanced security elements in line with the latest advancements in technology for currency notes,” it said.
There will be changes for the RM1, RM5, RM10, and RM100 banknotes and 5 sen, 10 sen, 20 sen and 50 sen coins.
However, the current design of the RM50 banknote, which came out in December 2007 to commemorate Malaysia’s 50th Independence Day, will continue to remain in circulation.
“In preparation for the issuance of the new currency series, Bank Negara will be working closely with financial institutions, businesses and cash handling vendors to ensure a smooth transition,” it said.
Existing banknotes will be circulated with the new notes until the former are gradually withdrawn.
“Vendors of cash handling machines will be given six months to calibrate these to ensure public convenience for the use of the new currency,” the statement said.
To increase public awareness on the new currency series, Bank Negara said it would issue commemorative coins for the third series and unveil the new fourth series for banknotes in the third quarter of this year.
[Source : The Star Online]
KUALA LUMPUR: THE RM20 banknote has made a comeback after a 16-year absence, with the launch of the latest currency series by Bank Negara Malaysia.
The fourth series of the currency will see newly designed banknotes in denominations of RM1, RM5, RM10, RM20, RM50 and RM100.
These notes will carry enhanced security features, including shadow image, clear window, watermark portrait with pixel and highlighted numerals.
They will also have additional features such as colour shifting security thread, micro lens thread, perfect see-through register, coloured glossy patch for public recognition and tactile identification for the visually impaired to identify the notes.
Although the new banknotes will be in circulation only from the middle of next year, the RM50 note, however, is already in circulation.
The new RM1 and RM5 are polymer notes, while the others will remain paper-based.
Launched by Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, yesterday, the new series will also have new coins minted in denominations of 5 sen, 10 sen, 20 sen and 50 sen.
The coins will be in circulation from next month.
Themed “Distinctively Malaysia”, the new series incorporates elements of the nation’s natural treasures, culture and heritage.
All the banknotes retain the portrait of the nation’s first Yang di-Pertuan Agong Tuanku Abdul Rahman ibni Tuanku Muhammad and the national flower hibiscus.
The reverse sides of the banknotes feature the wau bulan for the RM1, the rhinoceros hornbill for the RM5, Rafflesia for the RM10, hawksbill and leatherback turtle for the RM20, oil palm and biotechnology for the RM50 and Mount Kinabalu and rock formation of Gunung Api valley for the RM100.
The new series will circulate with the existing series, which will be eventually phased out.
The bank has also given six months to vendors of cash machines to calibrate their machines for the new notes.
In conjunction with the launch, Bank Negara is issuing commemorative bank notes in two types of collections.
There are 500,000 sets of RM1 and RM5 priced at RM15 each while another 500,000 sets of RM20 will be sold at RM30 each.
They are for sale at its headquarters here and its branches in Penang, Johor Baru, Kuala Terengganu, Kuching and Kota Kinabalu.