Wednesday, December 14, 2011

BNM to issue new series of Malaysian coins in 2012

Bank Negara Malaysia (BNM) is issuing commemorative coins in the denominations of 5 sen, 10 sen, 20 sen and 50 sen, to mark the new 3rd Series of the Malaysian coins which will be available for circulation early 2012.

This series of new coins are smaller and lighter, making its more user-friendly for the public. The yellow and silver coloured coins and the edge designs enable the public and also the visually impaired to identify and distinguish the different denominations.

The new series of coins embodies the latest advancements in minting technology which incorporates improved counterfeit resistance security features. The new metal alloy used for minting has enhanced durability against wear and corrosion.

The alloy used in 50 sen coins is Nickel Brass Clad Copper,  in 20 sen coins is Nickel Brass, in 10 sen and 5 sen coins is Stainless Steel.

This new series of coins are legal tender and will co-circulate with the existing series. The existing series will be gradually phased out.

Vendors of cash handling machines are given 6 months to calibrate their machines to ensure convenience for the use of the new coins.


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