Wednesday, May 25, 2011

New Series of Malaysian Banknotes and Coins in 2011

On 23rd May 2011, Bank Negara Malaysia (BNM) announced that a new series of design of Malaysian banknotes and coins will be issued in early 2011, an exercise that is undertaken every 12 years.

The theme of the design of this series of currency will include features that are distinctively Malaysia. It will 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 features in the denominations of RM1, RM5, RM10, RM20 and RM100. The current design of RM50 banknote issued in December 2007 to commemorate Malaysia's 50th anniversary of Independence will remain in circulation.

The new coins are the third in the series for denominations of 5 sen, 10 sen, 20 sen and 50 sen. This new series of banknotes and coins will co-circulated with the existing series until the latter are gradually withdraw from the market.

As part of the effort to increase public awareness on the new currency series, Bank Negara Malaysia will issue the commemorative coins for the third series and unveil the new fourth series banknotes design in the third quarter of 2011.

Collectors, get yourself prepare!