New 50 ringgit this year? I read about it in many blog last year and I don't think I need to write about it since many of you slammed all the bloggers for stupidly sharing a wrong information in the world wide web. If some of you don't understand, some non-collector bloggers posted in their blog last year, Malaysia RM50 1998 Commonwealth Games Polymer banknote (RM50 SUKOM 98) as a new 50 ringgit banknote for 2012. A reader asked me via email on Sunday about the banknote. His email remind me that not everyone is a collector and as a collector we need to give people advice even if the question is funny and make you laugh. If many Malaysian understand their coins and banknotes better, hopefully that will help collectors in the long run, the more the merrier, right?
Will Malaysia use this banknote for 2012?
My answer is no, Malaysia will not have new 50 ringgit design for 2012. The RM50 design that you can see in your pocket right now (50 ringgit Merdeka banknote design) is the banknote that you will use in 2012. This 1998 commonwealth notes are meant to commemorate Commonwealth Games that has been held in Kuala Lumpur in 1998. Bank Negara Malaysia (BNM) in co-operation with Sukom Ninety Eight Berhad has issued the 50 ringgit notes to commemorate the Kuala Lumpur '98 XVI Commonwealth Games.
Will Malaysia be using Polymer banknote for 2012?
Yes but only for RM1 and RM5 banknotes. You can read more about it in my old post:
- Malaysia New banknote 2012----News about new banknotes released.
- Malaysia 4th series banknote-----Technical Specification of the new banknotes.
- Duit Baru Malaysia----I share more pictures of the new banknotes here.
SUKOM banknote is the first polymer banknote to be issued in Malaysia but the notes will not be use in circulation for 2012.
A little bit information about SUKOM 98 RM50 banknote:
The Obverse design features the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong on the right and the Kuala Lumpur city skyline with prominent landmarks in the centre. The Commonwealth Games Look Programme which features the stylised butterfly symbol and the gold-coloured Optical Variable Device (OVD) with the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong in the clear window appear on the left. The logo of Bank Negara Malaysia appears in the other clear window on the right of the note. The Kuala Lumpur International Airport is featured as the central backdrop. To the right, the background design shows the artist's impression of the Multimedia Super Corridor connecting Kuala Lumpur City Centre to Putrajaya, Cyberjaya and the new Kuala Lumpur International Airport. The reverse design shows the National Stadium in Bukit Jalil in the centre. The logo of the Kuala Lumpur '98 XVI Commonwealth Games appears on the left of the note.
Can you still get the new banknotes at BNM?
From the info that I get yesterday (19 March 2012), The premier set still available at BNM headquarters. (I am not talking about the SUKOM 98, read the blog post link)
Why collector eager to buy the new banknote?
The Face value of the Premier set is only RM186 and everyone is paying RM300 for it, why don't you wait for the notes to start circulating in 2012? For non-collector information, it will most probably possible for you to get a same prefix number for the new banknote, especially the first prefix AA.
Picture: Malaysia 2012 New Currency
PS: Please share this with your friends and families, so they can understand more about this rewarding hobby.
