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PEN: 09/05/09 (BN)

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RM1 Coin to be withdrawn from circulation

Bank Negara Malaysia announces today that effective 7 December 2005, the RM1 coin will cease to be legal tender and will be withdrawn from circulation.

The RM1 banknote will continue to be legal tender and will remain in circulation.

Members of the public will be given a three-month period from 7 September to 6 December 2005 to exchange the RM1 coins at face value without any charges at all branches of commercial banks, the main branches of Bank Simpanan Nasional and Bank Negara Malaysia's branches at Kuala Lumpur, Pulau Pinang, Johor Bahru, Kuala Terengganu, Kuching and Kota Kinabalu.

Further details on the withdrawal of the RM1 coin can be obtained from Bank Negara Malaysia's website (http://www.bnm.gov.my) or by contacting the Currency Management and Operations Department of Bank Negara Malaysia at 03-2698 8044 ext 7442 / 7417.

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Bank Negara Malaysia
5 September 2005

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Last Updated Date: 07 September 2005