Saturday, December 31, 2016

How big is world largest banknote?

This year (2017), there are rumors that Bank Negara Malaysia (BNM) is planning to break the world largest legal tender banknote record. The current record holder is a 100,000 Philippine piso banknote issued on 22 May 1998 by the Central Bank of Manila.

100,000 piso

According to Guiness Book of world Records website, the banknote measuring 22 x 33 cm (8 ½ x 11 in) printed by Giesecke Devrient of Munich, Germany. Only 1,000 pieces were issued to commemorate The Centennial of Philippine Independence in 1998. The record holder is Giesecke Devrient, GMBH; place in Munich, Germany and the record were made on 22 May 1998.

The banknote was offered to collectors by the Central Bank in 1998, who could purchase one of the limited-edition notes for 180,000 pesos, or about RM16,596 (US$3,700).

paper size

How big is the current world largest banknote? If you look at the measurement it is 22 x 33 cm (8 ½ x 11 in) and if you compare it with a paper size, it is slightly bigger then a A4 paper size 21 x 29.7 cm (8.3 x 11.7 in).

If Bank Negara Malaysia (BNM) issued the new banknote larger then a A4 size paper, the main problem will be the folder to keep the banknote. Hopefully, they will sell the banknote complete with a folder that can make sure there is no foxing in the future.

The price for the proposed RM600 banknote for 60 years Merdeka hopefully will not exceed RM1000, if you compare with the 100,000 Philippine piso, they only sell it for 180,000 piso.

Yeah, the RM600 denomination is small for a big size banknote that they're planning to make. Maybe BNM think of the price that can be paid by Malaysian collectors or maybe they just want to auction them, like the ping pong copper coins.

For record, last time Malaysian have a commemorative banknotes is in 2007, a 50 Ringgit Merdeka edition banknote with only 20,000 pieces produced in a special Merdeka edition folder. The banknote design is the same as the RM50 banknote in circulation.

Good luck to BNM and we collectors can just hope BNM could let collectors buy them at a reasonable price instead of auctioned the Malaysian Largest legal tender banknote.