Malaysia ringgit story start when Malaya gained its independence on 31st
August 1957 to form Malaysia on 16 September 1963. Bank Negara Tanah
Melayu was established on 26 January 1959 and has been given the
authority to issue Malaysia currency under Bank Negara Tanah Melayu
Ordinance 1958. However, The Board of Commissioners of Currency Malaya
and British Borneo still continued to issue currency until 12 June 1967
when 1st Malaysia currency series has been released by Bank Negara. Bank
Negara Tanah Melayu change its name to Bank Negara Malaysia (Central
Bank of Malaysia) when Malaysia were form on 16 September 1963. The old
Malaya currency and Malaysia 1st currency are circulated together until
16 January 1969, when the old Malaya currency legal tender value has
been ceased.
The Malay names ringgit and sen were officially adopted as the sole
official names in August 1975. Previously they had been known officially
as dollars and cents in English and ringgit and sen in Malay, and in
some parts of the country this usage continues. For example, in Malaysia
one ringgit is "one dollar" in English and "tsit8-kho·1" (蜀塊/蜀块) in
Hokkien. In the northern states of Peninsular Malaysia, denominations of
10 sen are called kupang in Malay ("poat8" in Hokkien), e.g. 50 sen is 5
kupang. The use of the dollar sign "$" (or "M$") was not replaced by
"RM" (Ringgit Malaysia) until the 1990s, though internationally "MYR"
(MY being the country code for Malaysia) is more widely used. For more
story about Malaysia ringgit symbol, you can read; Malaysia Ringgit; RM or MYR?
Malaysia 1st series coins and banknotes
The first series of sen coins were introduced in 12 June 1967 in
denominations of 1 sen, 5 sen, 10 sen, 20 sen, 50 sen, followed by the
introduction of the 1 ringgit coin (which continued to use the $ symbol
and is the largest coin in the series) in 1 May 1971. On the obverse of
the coins show Malaysia Parliament building as a symbol of democracy. A
crescent moon and 13 pointed star is taken from the flag of Malaysia,
representing Malaysia as an Islamic nation and 13 states in Malaysia.
The design for ringgit coin is a little bit different from other
coins; crescent moon and the pointed star is bigger with 14 pointed star
(13 states and a federal territory). On the reverse show the
denomination printed in the middle and hibiscus, the national flower of
Malaysia at the side. The coins were designed by Geoffrey Colley and you can find the sculpture "GC" in the front of the coin of this series, under the Parliament building.
Malaysia 1st paper money were released in June 1967 in $1, $5, $10, $50
and $100 denominations. The $1000 denomination was first issued in 2
September 1968. Malaysia paper money have always carried the image of Tuanku Abdul Rahman,
The first Yang di-Pertuan Agong of Malaysia on the obverse of the
banknotes. The reverse show Bank Negara Malaysia logo with geometric
design on the background. All the banknotes have a tiger watermark. On
16 August 1972, BNM change the spelling system following the new Malay
spelling system. For example, the word "SA-PULOH' was changed to
"SE-PULUH". In 1976, a latent image of the numeric number appeared when
the notes are seen at an angle, a new security features added on the new
notes.
Malaysia 2nd series coins and banknotes
In 1982, 2nd series banknotes were introduces by BNM to the public with
the design focusing on Malaysia culture, building and landmark with $1,
$5, $10, $20, $50, $100, $500 and $1000 denominations. The obverse
design of the banknotes still maintain the portrait of the first DYMM
Yang Di-pertuan Agong. The tiger watermark has been changed with the
first DYMM Yang Di-pertuan Agong portrait. In 1995, 20 ringgit banknote
were discontinued and ceased to be legal tender.
In 1986,Malaysia 5 ringgit banknote have been redesign because of some
issue regarding a flag pole with a cross on the reverse design that show
old Istana Negara building. The new $5 banknote has been a big issue
among Muslim in Malaysia and some of them don't want to carry a money
with a cross on them. In 1984, the RM5 banknote has been replaced with
almost the same design without a cross flag pole on them. In 1993, $1
notes were discontinued and replaced by the $1 coin.
Malaysia 2nd series coins introduced
into circulation on 4 September 1989 with a Malaysian tradition and
character design/theme. The coins were designed by Low Yee Kheng and
wholly minted by Bank Negara's mint at Shah Alam. Some changes had been
done including the inclusion of a Hibiscus rosa-sinensis (Malay: Bunga
Raya), the national flower of Malaysia, on the upper half of the
observe, and the depiction of items of Malay culture on the reverse.
Most Malaysian collector refer this coin as a "Bunga Raya Series".
Actually, Bank Negara Malaysia released this as a "Cultural Artifact
Series".The denominations issued are 1, 5, 10, 20, 50 sen and 1 ringgit.
On 7 December 2005, the
1 ringgit coin
was demonetised and withdrawn from circulation. This was partly due to
problems with standardisation (two different versions of the second
series coin were minted) and forgery. On November 2007, Bank Negara
Malaysia announce that 1 sen coin will start to be discontinued. this is
because of the high cost to produce them and with some 4.4 billion
minted and 99% have been lost in circulation.
1 sen coin still legal tender
but most seller in this country will not except them. A new rounding
mechanism introduced with whereby the total bill amount (including goods
and services subject to tax) is rounded upwards or downwards to the
nearest multiple of 5 sen. In this regard, total bill amount that ends
in 1, 2, 6 and 7 sen will be rounded down while 3, 4, 8 and 9 sen will
be rounded up to the nearest multiple of 5 sen.
Malaysia 3rd series coins and banknotes
Malaysia 3rd series banknotes were introduce stage by stage with a
"Wawasan 2020" which reflects Malaysia economic development and
achievement. Different motif were used to reflect Malaysia Modern
economy:
- 5 February 1996, RM2 banknote-Malaysia modern telecommunications.
- 29 September 1997, RM10 banknote-Malaysia modern transportations.
- 20 July 1998, RM50 banknote-Oil drilling platform.
- 27 September 1999, RM5 banknote-Malaysia modern building.
- 26 October 1998, RM100 banknote-Automotive industries.
- 8 November 2000, RM1 banknote-Malaysia heritage and culture.
In 1999 the RM500 and RM1000 notes were discontinued and ceased to be
legal tender. This was due because of the Asian monetary crisis of 1997
when huge amounts of ringgit were taken out of the country to be traded
in these notes. In effect the notes were withdrawn out of circulation
and the amount of ringgit taken out of the country in banknotes was
limited to RM10,000. On 26 October 2004, Malaysia 1st circulation
polymer banknote were introduced with RM5 polymer released.
On 25 July 2011, Bank Negara Malaysia Governor (BNM) Tan Sri Dr Zeti Akhtar Aziz, released Malaysia 3rd series coins.
The new series of coins start circulating since 16 January 2012. A
special packaging of 500,000 commemorative coin sets are sold to Public
for RM10 per set in all BNM branches. The coins were designed by a
Malaysian and wholly minted by Bank Negara's mint at Shah Alam. The new
2012 series of coins are legal tender and will co-circulate with the
existing series next year. You can still using Malaysia old coins when
the new coins start circulating.
On the obverse, each denomination features a different motif, 14 dots
representing the 13 states and the Federal Territory and (with exception
in the case of the 50 sen coin) five horizontal lines representing the
five principles of the 'Rukun Negara' (national pillars). On the
reverse, the new series of coins feature the national flower
Rosa-sinensis hibiscus (known as the 'Bunga Raya'), numerals indicating
the year of minting, the face value of the coin and the words 'BANK
NEGARA MALAYSIA'.
Malaysia 4th series banknotes
Malaysia 4th series banknotes
has been launched by Malaysia Prime Minister, YAB Dato' Sri Mohd Najib
Tun Haji Abdul Razak at Sasana Kijang on 28 December 2011 with $1,
$5, $10, $20, $50 and $100 denominations. The latest series of
Malaysian banknotes draws its inspiration from elements which
distinctively define the country's diverse culture, heritage and nature.
Themed 'Distinctively Malaysia', the fourth series of Malaysian
banknotes features traditional expressions in the art and craft, natural
wonders, flora and fauna, economy and tradition.
On the obverse side, all banknote denominations in the new series retain
the portrait of the first Seri Paduka Baginda Yang di-Pertuan
Agong, Tuanku Abdul Rahman ibni Tuanku Muhammad, the national flower
Rosa-sinensis hibiscus (known locally as the 'Bunga Raya') and patterns
of traditional woven fabric - the 'songket'. For everyone information, Malaysia new banknote will start circulating on 16 July 2012.
artikel dicilok dari belog lunaticg. i pon seorang yang kumpul duit2 lama.. :)
kalo suka sila share :)
