Banknote Production

Malaysia To Issue New Banknotes Next Week

Bank Negara is set to release a new series of Malaysian banknotes next week equipped with “the latest banknote technology to enhance security features.”

The series will include banknotes in the RM1, RM5, RM10, RM20 and RM100 denominations.

The new series marks the reintroduction of the RM20 note to Malaysia and introduces RM1 and RM5 notes that are made from a polymer substrate.

An RM50 note is also in circulation but will not be part of the new series.

“The current RM50 banknote has been issued since December 2007 and will continue to remain in circulation,” said Bank Negara.

The five new notes will contain increased security features such as a shadow image, a clear window, a watermark portrait with pixelated and highlighted numbers, a colour shifting security thread, a micro lens thread, a see-through register, and a coloured glossy patch.

In terms of design, the notes feature a “Distinctively Malaysia” theme drawing inspiration from the country’s diverse culture, heritage and nature.

In addition to preparing for the launch of the new notes, officials from the national bank say they have been working for nearly a year to ensure a smooth transition for the new notes. That transition included meetings with financial institutions, shopping complexes, public transportation companies, telecommunication companies, parking operators, payment kiosk owners and ticketing and vending machine operators.

“If they have not done so, the relevant parties should expedite their machine calibration and modification exercise to accept the new banknotes series for the people’s convenience,” the bank said in a statement. “In the event the machine calibrations are not completed by July 16 despite the advance notice of at least six months, alternative solutions should be provided for the people.”

SOURCES:
Free Malaysia Today: “New Banknote Series Come With Latest Technology”
Daily Express: “New Banknote Series Will Be Issued Into Circulation From July 16”

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