BNM announce Malaysia new coin 2011

Today, Bank Negara Malaysia BNM announced Malaysia New Coins & Banknotes this year. After many people has been speculating about the new Malaysia currency release date and design. Some information that I get said that the new notes will have Sabah and Sarawak culture/motif as its main design. Whatever the new design is, let just hope it will look more beautiful then the current banknotes & coins that had been circulated since 1989.

Picture: Malaysia old coin design from Dickson book collection.

Here is the announce by BNM website:

Bank Negara Malaysia is pleased to announce that a new series design of Malaysian banknotes and coins will be issued for circulation in early 2012, an exercise that is undertaken periodically every twelve years. The theme of the design of the new currency series will include features that are distinctively Malaysia. It will also have enhanced security elements in line with the latest advancements in technology for currency notes.

The new fourth series design of banknotes will be featured in the denomination of RM1, RM5, RM10, RM20 and RM100. The current design of the RM50 banknote already in circulation since December 2007 to commemorate Malaysia’s 50th Anniversary of Independence will continue to remain in circulation. The new design coins are the third in the series for the denominations of 5 sen, 10 sen, 20 sen and 50 sen. This new series of banknotes and coins will co-circulate with the existing series until the latter are gradually withdrawn from circulation.

In preparation for the issuance of the new currency series, Bank Negara Malaysia will be working closely with financial institutions, businesses and cash handling vendors to ensure a smooth transition to the new series. Vendors of cash handling machines will be given six months to calibrate their machines to ensure public convenience for the use of the new currency.

As part of the effort to increase public awareness on the new currency series, Bank Negara Malaysia will issue the commemorative coins for the third series and unveil the new fourth series banknotes design in the third quarter of 2011.

Source: BNM.

I think everyone in Numismatic world will be waiting for the new Malaysia Coin & banknote 2011. No actual photo release has been published by BNM. Hopefully we can see it in a news tommorow.

Top 5 BNM currency story 2010

This post are about my blog Top 5 BNM currency story 2010. Many of you might had read the story but some of you most probably have not read them. The story rank are based on pageviews of the post and how many people link to the story. BNM or Bank Negara Malaysia is Malaysia central Bank that produces Malaysian currency. There are many rumours that BNM will be printing a new banknotes this year but no actual statement by BNM itself. If you have any information about New Malaysia ringgit banknote, please do share with me in here or email at lunaticg@gmail.com.

1. Bank Negara Malaysia Logo issue

Issue of Bank Negara Malaysia (BNM) has been going on quiet a while now. Many people are discussing about it in forums or in their blogs. The main issue is whether the logo symbolize a Pharaoh dog or Barking deer. Most of their article are debating why the deer tail in BNM logo are longer then normal deer should be. There is no official statement by BNM about this but there is an email reply by BNM staff circulating in Internet stating that BNM logo idea suggested by the late Malaysia Bank governor Tun Ismail Mohd. Ali and come from Kelantan old coins.

2. Foreign Currency Trading Schemes; BNM advice?

Bank Negara Malaysia (BNM) release a press statement on 4 January 2010 about Illegal Foreign Currency Trading Schemes. In the statement, Bank Negara Malaysia inform public not to participate in any illegal investment or training programme on foreign currency trading offered by individuals or companies both domestic and foreign. No clear statement by BNM on this statement. Many people related it to forex trading but doesn't this statement sound like it also involve with coin, banknote selling and buying?

3. A suggestion for BNM Commemorative coin

These are some of my suggestion to Bank Negara Malaysia (BNM) for commemorative coin that they should minted in the future. Why do I making this suggestion? Mostly because BNM produce low commemorative sets of design every year (only 3 this year, correct me if I am wrong). Some of their design is not even appealing to collectors. For me, some of the anniversary that they commemorate are not worth to collect. 125th Anniversary of Jabatan Ukur dan Pemetaan Malaysia (JUPEM) for example, its sound nice to educate public about the department contribution to Malaysia. But is it worth to put it on coins?

4. BNM 125 Anniversary of JUPEM's coin

Bank Negara Malaysia is issuing three types of commemorative coins to commemorate the 125th Anniversary of Jabatan Ukur dan Pemetaan Malaysia (JUPEM). The commemorative coins were launched by YAB Tan Sri Dato' Haji Muhyiddin bin Mohd. Yassin, Deputy Prime Minister, at Dewan Perdana FELDA, Jalan Maktab, Kuala Lumpur. The coins are available in three versions of gold, silver and Nordic-Gold.

5. 50th years of Bunga Raya coins

Yang di-Pertuan Agong, Tuanku Mizan Zainal Abdin launched the 50th Anniversary of the Proclamation of the Bunga Raya as the National Flower coins at National Craft Complex, Jalan Conlay, Kuala Lumpur. The special coin issued by the Bank in collaboration with the Department of National Heritage and the theme song for the national flower hibiscus as Malaysia National flower was also launched. Also present were Minister of Information, Communications and Culture, Datuk Seri Dr. Rais Yatim and Minister in the Prime Minister, Tan Sri Dr. Koh Tsu Koon.