Thursday, July 16, 2009

New design RM50 note issued

2:18 PM by Afzairulzailey · 0 comments

KUALA LUMPUR: Bank Negara issued the new design RM50 banknote yesterday that incorporates various modern and innovative security features aimed at deterring counterfeiting.

“This new design of RM50 banknote is the first denomination of the fourth series of Malaysian currency notes, which will be replacing the existing series in stages,” the central bank said in a statement here.

Freshly minted: The new note has improved security features to deter counterfeiting. The reverse side of the note is shown above.

It said the existing RM50 banknote design series would continue to remain legal tender and would co-circulate with the new notes and would be gradually phased out. No time limit had been set on the duration of co-circulation, it added.

The enhanced security features incorporated in the new design include the colour-shifting security thread which replaces the existing security thread and is embedded in the paper.

The thread appears on the reverse side of the note as coloured intermittent lines. — Bernama

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