Wednesday 11 January 2012

New Coins Series issued into Circulation from 16 Jan

Bank Negara Malaysia has announced that the new Malaysian coins series will be issued into circulation from 16 January 2012 onwards. Members of the public will be able to obtain these new coins through their normal business transactions. 

The new coins to be introduced into circulation in phases are legal tender and will co-circulate with the existing series. The existing series will be gradually phased out. In ensuring a smooth transition to the new coins series, machine vendors had been given sufficient time to calibrate their machines to accept these new coins. 

Themed 'Distinctively Malaysia', the new coins series draws inspiration from distinctive features that define the nation's rich culture and heritage. The design motifs were crafted in the form of nature, flora and fauna and traditional handicraft which is found in Malaysia. The new coins series are in the denominations of 5 sen, 10 sen, 20 sen and 50 sen.

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. 

For further information on the new coins series, members of the public can contact BNMTELELINK at 1-300-88-5465 or call 03 - 2698 8044 ext 8658 or visit Bank Negara Malaysia's website at www.bnm.gov.my.

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