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Malaysia to replace paper currency with polymer
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In article ,
John Stone wrote: http://www.busrep.co.za/index.php?fSectionId=565&fArticleId=2271288 A source that's in the country is http://biz.thestar.com.my/news/story.asp?file=/2004/10/22/business/9202095&sec=business The new polymer banknotes, which will go into circulation on Tuesday, will replace the existing paper banknotes, Bank Negara officials said yesterday. The central bank is, however, keeping mum on the design as well as the denominations of the new banknotes. This makes no sense to me. They go into circulation Tuesday. Wednesday, a clerk gets a sort of plasticish piece of paper handed to them with a fancy design. How are they to know whether it's new currency or someone's forgery? The central bank has also declined to reveal where the polymer ringgit banknotes will be printed. And that also makes no sense. What's the point? Currently 23 countries, including Malaysia, have issued polymer banknotes, either for circulation or commemorative purposes. Three countries - Australia, New Zealand and Romania - have changed all their banknotes to polymer. -- Tim McDaniel; Reply-To: |
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