Today, Malaysia 4th series banknotes are released for general circulation by Bank Negara Malaysia (BNM). Don't be surprise by the new banknotes look, some say it look like a monopoly notes. The new series of Malaysian banknotes features traditional expressions in the art and craft, natural wonders, flora and fauna, economy and tradition. You can read more about the new banknote design here; Malaysia 4th series banknotes. One of my reader asked me via Facebook on Sunday, can we still use old Malaysia money? What will happen to Malaysia old series banknote? Can we use the old Malaysia money or do we need to change it at any bank? Don't worry, Malaysia old series banknotes are still legal or can be use in your daily transaction. You don't need to rush and change your coin or banknote to the nearest bank.
The new 3rd series Malaysia coin has been released for general circulation on 16 January 2012. The new coins are co-circulate with the old coin series. The old coin series (Parliament and Bunga Raya series) will be gradually phased out. All the coins are still legal tender. The new coins are smaller and lighter making it more user-friendly for the public. The yellow and silver coloured coins enable the public to easily distinguish the different denominations. The edged designs and the different sizes will facilitate the visually impaired to identify and differentiate the denominations. In addition, latest advancements in minting technology which incorporates improved counterfeit resistance security features are embodied in the new coins series. The new metal alloy used for minting has enhanced durability against wear and corrosion.
Malaysia 4th series banknotes has been launched by Malaysia Prime Minister, YAB Dato' Sri Mohd Najib Tun Haji Abdul Razak at Sasana Kijang on 28 December 2011 with $1, $5, $10, $20, $50 and $100 denominations. The latest series of Malaysian banknotes draws its inspiration from elements which distinctively define the country's diverse culture, heritage and nature. On the obverse side, all banknote denominations in the new series retain the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong, Tuanku Abdul Rahman ibni Tuanku Muhammad, the national flower Rosa-sinensis hibiscus (known locally as the 'Bunga Raya') and patterns of traditional woven fabric - the 'songket'. You can read more about Malaysia currency history in my post; Malaysia Ringgit Story.
