Author Topic: Malaysia Launches Largest Banknote in the World  (Read 1024 times)

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Offline Bimat

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Malaysia Launches Largest Banknote in the World
« on: December 19, 2017, 03:33:50 PM »
Bank Negara Launches the Largest Banknotes In the World with Face Value RM600, RM300 Gigantic Coin and More!

Posted on December 18, 2017

Good news for all numismatists out there. The Yang di-Pertuan Agong Sultan Muhammad V and Bank Negara have launched a series of new banknotes and coins in conjunction with the 60th Anniversary of the Signing of the Federation of Malaya Independence Agreement and His Majesty’s installation as the 15th Yang di-Pertuan Agong.

According to NST, the new RM600 banknote is the largest bill in the world, measuring 37cm by 22cm. It is bigger than A4 paper! The RM600 face value note is selling at RM1,700 a piece.

The banknotes will open to public display at Bank Negara Malaysia’s Museum and Art Gallery and at the Bank’s offices in Penang, Johor Bahru, Kota Kinabalu, Kuching and Kuala Terengganu starting Thursday, 21 December 2017. Whereas, banknotes with special serial numbers will be sold via public auction on 10 March 2018.

Interested buyers can only purchase a piece of RM600, a set of Uncut 3-in-1 RM60 and five pieces of RM60 banknotes per person to ensure a fair opportunity for the public to own them. There are only 6,000 pieces of RM600 and Uncut 3-in-1 RM60, and 60,000 pieces of single RM60.

Bank Negara has also made the banknotes available for online purchase starting later at 5 January 2018. In an event of oversubscription, balloting will take place in order to fairly distribute them to the buyers.

The National Bank will announce the full details of public purchase in a press release soon, as said in their announcement.

The launch of the commemorative banknotes is to honour the Council of Rulers’ contribution in realizing and initiating national independence pursuance. The Agreement dated 5 August 1957 proclaimed the Yang di-Pertuan Agong as the Supreme Head of the Federation was signed by the Malay Council of Rulers with Sir Donald MacGillivray, the High Commissioner of the Federation of Malaya who represented Queen Elizabeth II.

The Agreement became a historical constitutional evidence for the independence of the Federation of Malaya.

Source: The Coverage
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Offline Figleaf

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Re: Malaysia Launches Largest Banknote in the World
« Reply #1 on: December 19, 2017, 06:23:46 PM »
Dear Yang di-Pertuan Agong, dear bank,

I hate to be the one to tell you, but that's not a good idea. You see, the largest is only the largest until someone else comes up with an even larger largest. You can win this title for a couple of months only, before someone claims to want to have their logo in the Guiness Book of Records and makes a larger banknote, wrapped around a carton roll. Any resemblance with toilet paper will be coincidental. To put it in a hygienically diplomatic way, the toilet is just not where you want your independence fiesta to end up.

Maybe it won't anyway, because I can just see some country hiring the Christo duo to wrap their central bank in a giant banknote. Imagine chairman Mao 30 stories high... Ah, someone has already done that. OK, so is that really the world's largest banknote you are offering?

That didn't scare you either? Then maybe consider what happened to stamp collecting when there were more fluff issues than real ones and regular people used franking machines instead of stamps. Do you want Malaysian independence to be connected to the beginning of the end of banknote collecting? Oww, you don't care. Well, don't say I didn't warn you.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Bimat

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Malaysia Launches Largest Banknote in the World
« Reply #2 on: January 06, 2018, 07:11:00 AM »
Issuance of Commemorative Banknotes in conjunction with the 60th Anniversary of the Signing of the Federation of Malaya Independence Agreement

Ref No : 12/17/11 14 Dec 2017 Embargo : For immediate release   

Bank Negara Malaysia is issuing commemorative banknotes in conjunction with the 60th Anniversary of the Signing of the Federation of Malaya Independence Agreement. These commemorative banknotes were launched by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong XV Sultan Muhammad V at the Museum and Art Gallery, Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur.

These banknotes commemorate the 60th Anniversary of the Federation of Malaya Independence Agreement signing in the year 1957. The commemorative banknotes honour the Council (later called Conference) of Rulers’ contribution towards the realisation of the Nation’s independence on 31 August 1957. The Agreement dated 5 August 1957 proclaiming the Yang di-Pertuan Agong as the Supreme Head of the Federation was signed by the Malay Council of Rulers from Johor, Kedah, Kelantan, Negeri Sembilan, Pahang, Perak, Perlis, Selangor and Terengganu with Sir Donald MacGillivray, the High Commissioner of the Federation of Malaya who represented Queen Elizabeth II. The Agreement became a historical constitutional evidence for the independence of the Federation of Malaya.

The specifications of the commemorative banknotes are as follows:

- Single RM600 Banknote

This large-sized banknote has a face value of RM600 and will be sold at RM1,700 a piece.  The printed quantity is 6,000 pieces.

- Uncut 3-in-1 RM60 Banknote

This uncut banknote has a face value of RM180 and will be sold at RM500 a piece. The printed quantity is 6,000 pieces.

- Single RM60 Banknote

This single banknote has a face value of RM60 and will be sold at RM120 a piece. The printed quantity is 60,000 pieces.

Note: Prices stated above are inclusive of GST.

Detailed specifications and key security features of the banknotes are as per Appendix I.

Banknote design

The design is based on the theme of “Raja Payung Kedaulatan Negara”. These commemorative banknotes are the first commemorative banknotes printed by Bank Negara Malaysia on the composite substrate, a combination of polymer and paper substrate, which offers higher security features and longer life span. These banknotes are printed larger in size, based on its face value.

Obverse

Symbolising Malaysia as a constitutional monarchy, placed in the middle is the majestic royal throne encircled by the portraits of 15 Yang di-Pertuan Agong who have reigned from 1957 till the present day. The obverse design is inspired by the crescent and a 14-pointed federal star which are featured on the royal headgear.

Reverse

The reverse design features the portraits of the nine rulers signing the Federation of Malaya Independence Agreement on 5 August 1957. These banknotes are decorated with prominent independence and post-independence figures and features.  On the right-hand side of the banknote is the triumphant silhouette of Tunku Abdul Rahman Putra Al-Haj, the architect of Malayan independence and the first Prime Minister of Malaysia. Imprinted on the background are four significant landmarks: the National Palace, Perdana Putra, the Parliament building and the Palace of Justice. These reflect the four pillars of the nation: the institution of the Monarchy, the Executive, the Legislature and the Judiciary respectively.

The detailed design of the commemorative banknote is as per Appendix II.

Public Viewing and Sale

Display units of the banknotes will be available for public viewing from Thursday, 21 December 2017 at Bank Negara Malaysia’s Museum and Art Gallery and at the Bank’s offices in Penang, Johor Bahru, Kota Kinabalu, Kuching and Kuala Terengganu.

To provide a fair opportunity for the public to buy these limited edition banknotes, there will be a purchase limit (a piece of RM600, a set of Uncut 3-in-1 RM60 and five pieces of RM60 banknotes per person). To improve buying convenience, the public can place their orders online from 5 January 2018. In the event of oversubscription, balloting will take place. Banknotes with special serial numbers will be sold via public auction on 10 March 2018. Further information on the ordering, auction, payment and collection will be informed to the public in a press release prior to the sale date.

[...]

Source: BNM (Press Release)
It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.