Bank Negara introduces new currency series

Bank Negara Malaysia (BNM) today announced the introduction of
Malaysia’s new currency series which comprises newly designed banknotes.


"The banknotes issued are in the denominations of RM1, RM5, RM10,
RM20 and RM100 and will be available for circulation in the second half
of 2012.


"The RM50 denomination banknote for the new currency series is already in circulation," the central bank said in a statement.


For this new series, polymer substrate is used to make the RM1 and
RM5 banknotes. The coins for this series, with denominations of 5 sen,
10 sen, 20 sen and 50 sen, were launched earlier on 25 July 2011 and
will be introduced into circulation in January 2012.






The BNM said it was working closely with financial institutions,
businesses and cash handling vendors to ensure a smooth transition to
the new currency series.


"Vendors of cash handling machines will be given six months to
calibrate their machines to ensure convenience for the use of the new
banknotes," it added.


To mark the introduction of the new currency series, BNM is issuing
commemorative banknotes. They are available for sale from tomorrow at
the BNM headquarters and branches located in Pulau Pinang, Johor Baharu,
Kuala Terengganu, Kuching and Kota Kinabalu. -- Bernama