Wednesday, October 22, 2008

Malaysia First Banknote Set (Serial Number A/1 000001)

This is an amazing historical set of first series of Malaysian Banknotes which was issued in 1967 with the serial number of A/1 000001. It was sold at Spink Auction for £100,000 in London on 8 October 2007. This No.1 presentation set of banknotes was presented by Tun Ismail Mohd Ali, the first Governor of Bank Negara Malaysia to Tuanku Ismail Nasiruddin Shah, the fourth Yang Di-Pertuan Agong Malaysia in 1967. However, it is now in the hands of a private collector.

The Highly Important First Issue Malaysia No.1 Presentation Set

Below is the full description of this wondeful set of banknotes.

Bank Negara Malaysia, a blue leather presentation album with title BANK NEGARA MALAYSIA and arms in gold and containing 1 ringgit, blue and multicoloured, 5 ringgit, green and multicoloured, 10 ringgit, blue and multicoloured, 50 ringgit, blue and multicoloured and 100 ringgit, purple and multicoloured, all ND (1967), serial number A/1 000001, all with portrait of Yang Di- Pertuan Agong, Tuanku Abdul Rahman, first King of Malaysia, at right, all are signed by Ismail Mohd Ali, value at centre and at each corner, all notes are mounted in card with gold border (Tan M 27, 28, 29, 30, 31), also a second presentation album containing 1000 ringgit, ND (1968), serial number A/1 000001, purple and multicoloured, portrait of Yang Di-Pertuan Agong, Tuanku Abdul Rahman, first king of Malaysia at right, signed by Ismail Mohd Ali, value at centre and each corner, mounted in card with gold trim (Tan M 32).

Presented by Ismail Mohd Ali, the Governor, on behalf of the Board of Governors of Bank Negara Malaysia to then (fourth) King of Malaysia, Tuanku Ismail Nasiruddin Shah. Slight foxing otherwise a superb presentation and a historical series. An exceptional and unique opportunity to obtain the first Malaysia currency notes.

Friday, October 17, 2008

Definition of Malaysia Banknote / Currency Series

I believe there has been confusion of Malaysia banknote series from what I written in my blog compare with the some of the guide book published in the market. Some of you may raise a question as there has been twelve series of Malaysia banknotes issued or circulated in the market but I have only mentioned not more than four series of Malaysia banknotes in my blog. What's going on?

Accordingly to Bank Negara Malaysia, there are only four series of Malaysia banknote that were released to the public since 1967. Of course throughout each series of these banknotes, there were some minor changes on the banknote itself. These changes could be due to changing of spelling, slightly modification of the design, change of Governor signature, adding new security feature etc. Despite these changes, they are still grouped and classified as the same series.

However, many of the guide book that you encountered in the market has identified each of the changes mentioned above as a new series of banknote that issued by Bank Negara Malaysia. Of course, by doing so, it eases the collector's ability to differential the changes of the banknote. Thus, you will find some guide book that will have as many as twelve series of note.

Let us explore on the differences that I highlighted earlier. I suppose the First Series has four different types. I have named them as First Series Type 1, Type 2, Type 3 and Type 4. The Second Series consists three different types. Therefore using the same methodology, they are classified as 2nd Series Type 1, Type 2 and Type 3. Also, the Third Series can be differential in four different types and they are known as 3rd Series Type 1, Type 2, Type 3 and Type 4.

However, all the different type of notes mentioned above have been segregated and tagged as different series in the guide book. For example, the four types in First series has been named as 1st Series, 2nd Series, 3rd Series and etc. It continues applying to subsequent issuance note and thus it ends up with twelve series of note (refer to the following printed in red)

1st Series Type 1 (1st Series) 1967-1972
It was signed by Tun Ismail bin Mohamed Ali. It used the old Malay spelling "Di-perlakukan", "Gabenor" and "Sa for SA-PULOH, SA-RATUS & SA-RIBU".

1st Series Type 2 (2nd Series) 1972-1976
It was signed by Tun Ismail bin Mohamed Ali. The words "Diperlakukan" and "Gabenur" were used to replace the old Malay spelling. "Sepuluh", "Seratus" and "Seribu" were used.

1st Series Type 3 (3rd Series) 1976-1981
It was signed by Tun Ismail bin Mohamed Ali. Slight changes on the note design. The "$1" on the bottom left corner had been removed. A relative small dollar sign ($1) was introduced at the top left corner.

1st Series Type 4 (4th Series) 1981-1983
It was signed by Tan Sri Dato' Abdul Aziz bin Haji Taha.

2nd Series Type 1 (5th Series) 1982-1984
It was signed by Tan Sri Dato' Abd Aziz bin Hj. Taha. A recognisable blind mark was introduced at the upper left corner.

2nd Series Type 2 (6th Series) 1986-1995
It was signed by Tan Sri Dato' Jaffar Hussein. it removed the blind mark on the upper left hand corner. The serial number which was previously printed horizontally is now printed vertically in red colour.

2nd Series Type 3 (7th Series) 1995-1998
It was signed by Tan Sri Dato' Ahmad Mohd.

3rd Series Type 1 (8th Series) 1996-1998
It was singed by Tan Sri Dato' Ahmad Mohd Don on the bottom left side of the notes.

3rd Series Type 2 (9th Series) 1999
It was signed by Tan Sri Dato' Seri Ali Abul Hassan on the bottom left side of the notes.

3rd Series Type 3 (10th Series) 1999
It was signed Tan Sri Dato' Seri Ali Abul Hassan's signature has been shifted to the center of the note.

3rd Series Type 4 (11th Series) 2000
It was signed by Tan Sri Dato' Seri Dr. Zeti Akhtar Aziz at the center of the note.

4th Series Type 1 (12th Series) 2007
It was signed by Tan Sri Dato' Seri Dr. Zeti Akhtar Aziz.

Sunday, October 5, 2008

World Banknote Atlas / World Paper Money Map

World atlas and flags of the world are sound familiar to everyone of us. But, have you came across with world banknote atlas? I got this piece this world banknote atlas through a friend of mine. This a a wonderful piece of banknote atlas which printed and laminated on both sides. It has a size of 700mm x 980mm and displays all 193 countries' banknote.

The front of this world banknote atlas feature all the obverse of the world banknotes. It has been categorised into five different zones through the major continents of the world namely Asia, Europe, Africa, America and Oceania. It provides banknote images of 48 Asian countries, 46 European countries, 55 African countries, 34 American countries and 10 Oceania countries. The back of this world banknote atlas feature the the reserve of the world banknotes and some remarks of the currency use.

The country name and its currency are printed at the bottom of each banknote. They are printed in two different languages namely English and Chinese. This is a good piece of educational reference to all the younger generation to promote the hobby of collecting banknotes. At lease, we now can identify a country not just through its map or flag, but through its banknote too.

The front of the World Banknote Atlas with the world map at the center

The back of the World Banknote Atlas that feature the reverse of world banknote

A closer look at the World Banknote Atlas

4th Series - RM50 Circulation Note

Despite the announcement by Bank Negara Malaysia on the release of RM50, a new fourth series of Malaysian currency note on 21 December 2007, it is learnt that they are not many of this note circulated in the market. It was a plan by BNM to replace its current currency (3rd Series) in stages with this newly release note. However, personally I have not seen any of this note during my withdrawal of money through ATM machines or bank counters. Neither I have seen it during the exchange of money while paying my grocery bills.

Many of us have speculated the reasons behind this incident. I was told by some collector that this newly release note is not able to "fit" (with technical problem) into our ATM machine and the cash deposit machine. Therefore, it is not widely circulated in the market. Will it be possible for BNM to discontinue this newly design note or a modification to all ATM machines need to be done? Or anyone who has idea on what is really going on?

The new RM50 note issued by BNM in December 2007

Wednesday, October 1, 2008

The Portrait of The First Yang Di-Pertuan Agong

The portrait of the First Yang Di-Pertuan Agong for 1st and 2nd Series of Malaysian Banknotes

The Portrait of Yang Di-Pertuan Agong for the 3rd and 4th Series of Malaysian Banknotes

As to date, Bank Negara Malaysia (BNM) has issued four series of Malaysian Banknotes. All of these banknotes feature the portrait of the first Yang Di-Pertuan Agong Malaysia. The above are the four different portrait of the first Yang Di-Pertuan Agong depicts on the Malaysian banknotes. Duli Yang Maha Mulia Tuanku Abdul Rahman ibni Almarhum Tuanku Muhammad was the first Yang Di-Pertuan Agong of the Federation of Malaysia elected on 3 August 1957 for a five year term.

Established in 1957 under the constitution of the federation of Malaysia, Yang Di-Pertuan Agong is the highest ranking office created by the constitution. He is "the Supreme Head of the Federation" and the Malaysia's Head of State.

The Yang di-Pertuan Agong is formally elected by and from among the nine Rulers of the Malay States namely Perak, Selangor, Pahang, Negeri Sembilan, Perlis, Kedah, Kelantan, Terengganu and Johor for a five year term.

The current or 13th Yang Di-Pertuan Agong Malaysia is Al-Wathiqu Billah Tuanku Mizan Zainal Abidin Ibni Al-Marhum Sultan Mahmud Al-Muktafi Billah Shah, the 16th Sultan of the state of Terengganu.