New bank note series willbe issued into circulation from July 16
Published on: Wednesday, June 27, 2012
Kuala Lumpur: The new Malaysian banknotes series will be issued into circulation from July 16, Bank Negara said Tuesday. The central bank said following the initial announcement in May 2011, it has been engaging over the last few months with relevant stakeholders to facilitate a smooth introduction of the new banknotes series. The stakeholders are financial institutions, shopping complexes, public transportation companies, telecommunication companies, parking operators, payment kiosk owners and ticketing and vending machine operators, it said.
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"If they have not done so, the relevant parties should expedite their machine calibration and modification exercise to accept the new banknotes series for the people's convenience. "In the event the machine calibrations are not completed by July 16 despite the advance notice of at least six months, alternative solutions should be provided for the people.Stay up-to-date by following Daily Express’s Telegram channel.
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