ID :
197173
Tue, 07/26/2011 - 07:16
Auther :
Shortlink :
https://oananews.org//node/197173
The shortlink copeid
CENTRAL BANK TO ISSUE NEW COINS SERIES NEXT YEAR
KUALA LUMPUR, July 26 (Bernama) -- Bank Negara Malaysia (BNM)) will be issuing the new third series of coins beginning next year.
BNM (Malaysia's Central Bank) Governor Dr Zeti Akhtar Aziz said the new coins in the denominations of five sen, 10 sen, 20 sen and 50 sen were inspired 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," she said at the launch of 500,000 sets commemorative coins to mark the new coins series here Monday.
She said the new series of coins were smaller and lighter, making it more user-friendly while the edge designs would enable the public and also the visually impaired to identify and distinguish the different denominations.
The silver and yellow coloured coins embody the latest advancement in minting technology which incorporates improved counterfeit resistance security features.
The new metal alloy used for minting enhances durability against wear and corrosion.
The new coins will co-circulate with the existing series. The existing series will be gradually phased out.
The central bank is also 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 convenience for the use of the new coins," Zeti said.
At the event, she also unveiled the new fourth series banknotes which will be launched by the Prime Minister Najib Razak in September.
-- BERNAMA
BNM (Malaysia's Central Bank) Governor Dr Zeti Akhtar Aziz said the new coins in the denominations of five sen, 10 sen, 20 sen and 50 sen were inspired 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," she said at the launch of 500,000 sets commemorative coins to mark the new coins series here Monday.
She said the new series of coins were smaller and lighter, making it more user-friendly while the edge designs would enable the public and also the visually impaired to identify and distinguish the different denominations.
The silver and yellow coloured coins embody the latest advancement in minting technology which incorporates improved counterfeit resistance security features.
The new metal alloy used for minting enhances durability against wear and corrosion.
The new coins will co-circulate with the existing series. The existing series will be gradually phased out.
The central bank is also 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 convenience for the use of the new coins," Zeti said.
At the event, she also unveiled the new fourth series banknotes which will be launched by the Prime Minister Najib Razak in September.
-- BERNAMA
