Malaysia to issue new banknotes in 2012According to a press release date 23 May 2011, “Bank Negara Malaysia is pleased to announce that a new series design of Malaysian banknotes and coins will be issued for circulation in early 2012, an exercise that is undertaken periodically every twelve years. The theme of the design of the new currency series 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 featured in the denomination of RM1, RM5, RM10, RM20 and RM100. 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 This new series of banknotes and coins will co-circulate with the existing series until the latter are gradually withdrawn from circulation.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, Bank Negara Malaysia 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.
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. “
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