Bank Negara Malaysia (Malaysia Central Bank) has just release a statement that Malaysia 4th series Banknote will start circulating from 16 July 2012. On 16 January 2012, Malaysia new coins start circulating for public use but there are many Malaysian who don't like the design and quality of the new coins. Most people cannot differentiate the 20 sen and 50 sen coins since the size and the design are almost the same. Some readers also reported that the coins can easily change its color. Until today, many cash handling machines were not calibrate to accept the new coins to ensure public convenience. Hopefully, the quality of the new banknotes series is much better then the coins. From the current Premier banknotes sales by Bank Negara, we can see some of the notes are torn because of mishandling. Right now, Bank Negara staff are busy educating people about the new Malaysia Currency. Wish they can educate collectors too.
Press release by Bank Negara Malaysia:
"New Malaysian Banknotes Series to be issued Into Circulation from 16 July 2012
Bank Negara Malaysia is pleased to inform members of the public that the new Malaysian banknotes series will be issued into circulation from 16 July 2012. Themed 'Distinctively Malaysia', the new banknotes series comprises denomination of RM1, RM5, RM10, RM20 and RM100. The current RM50 banknote has been issued since December 2007 and will continue to remain in circulation.
In preparation for the issuance of the new banknotes series, Bank Negara Malaysia has been working closely with financial institutions, businesses, cash handling vendors and local councils to facilitate a smooth transition to the new series since December 2011.
Numerous engagement sessions have been held with these stakeholders to ensure readiness of the systems and processes for the issuance of the new banknotes. Vendors of cash handling machines are urged to ensure that their machines can accept both the new and old banknotes series for the convenience of the public effective by this date.
Vendors and other relevant parties who have further queries can contact BNMLINK at 1-300-88-5465 or call 03 - 2698 8044 ext 7307/8658 or email to ncs@bnm.gov.my."
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For banknote prefix collectors, you can start collect the last prefix of Malaysia 3rd series banknotes. Just make sure you don't collect the wrong prefix. Try to join discussion in forum or Facebook groups to help you find the right prefix. Look like Muslim in Malaysia will be using a new banknote for Hari Raya Green Angpau. To any of my readers who are not collector, you can also start to collect the best condition current Malaysia banknote that you can find. To my foreign readers who are interested to get the new banknotes, you can read this; where to get Malaysia New Currency.
What your opinion in this matters?
