KUALA LUMPUR: Bank Negara Malaysia will issue a new series design of Malaysian banknotes and coins for circulation in early 2012 and the design will include features that are distinctively Malaysia.
The central bank said on Monday, May 23 the banknotes and coin would also have enhanced security elements in line with the latest advancements in TECHNOLOGY [] for currency notes.
'The new fourth series design of banknotes will be featured in the denomination of RM1, RM5, RM10, RM20 and RM100,' it said.
BNM would issue the commemorative coins for the third series and unveil the new fourth series banknotes design in the third quarter of 2011.
The current design of the RM50 banknote already in circulation since December 2007 to commemorate Malaysia's 50th Anniversary of Independence will continue to remain in circulation.
The new design coins are the third in the series for the denominations of 5 sen, 10 sen, 20 sen and 50 sen.'' This new series of banknotes and coins will co-circulate with the existing series until the latter are gradually withdrawn from circulation.
'In preparation for the issuance of the new currency series, BNM will be working closely with financial institutions, businesses and cash handling vendors to ensure a smooth transition to the new series.
'Vendors of cash handling machines will be given six months to calibrate their machines to ensure public convenience for the use of the new currency,' it said.
The central bank said on Monday, May 23 the banknotes and coin would also have enhanced security elements in line with the latest advancements in TECHNOLOGY [] for currency notes.
'The new fourth series design of banknotes will be featured in the denomination of RM1, RM5, RM10, RM20 and RM100,' it said.
BNM would issue the commemorative coins for the third series and unveil the new fourth series banknotes design in the third quarter of 2011.
The current design of the RM50 banknote already in circulation since December 2007 to commemorate Malaysia's 50th Anniversary of Independence will continue to remain in circulation.
The new design coins are the third in the series for the denominations of 5 sen, 10 sen, 20 sen and 50 sen.'' This new series of banknotes and coins will co-circulate with the existing series until the latter are gradually withdrawn from circulation.
'In preparation for the issuance of the new currency series, BNM will be working closely with financial institutions, businesses and cash handling vendors to ensure a smooth transition to the new series.
'Vendors of cash handling machines will be given six months to calibrate their machines to ensure public convenience for the use of the new currency,' it said.
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