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Ref No: 11/07/10
Embargo:
For immediate release
Status of Demonetised RM500 and RM1,000 Currency Notes
Bank Negara Malaysia had announced on 12 September 1998 the demonetisation of the RM500 and RM1,000 denomination currency notes. These notes have ceased to be legal tender effective from 1 July 1999. The volume of RM500 and RM1,000 notes in circulation before demonetisation stood at 1,989,479 pieces and 4,523,731 pieces respectively, amounting to a combined face value of RM5.52 billion. To-date, there are less than 200,000 pieces of the RM500 notes and RM1,000 notes remaining in circulation, with a combined face value of about RM100 million. Members of the public who are still holding genuine RM500 and RM1,000 notes may be able to obtain the full value of the demonetised RM500 and RM1,000 currency notes at Bank Negara Malaysia, including at its branches located in Johor Bahru, Pulau Pinang, Kuala Terengganu, Kota Kinabalu and Kuching.
Bank Negara Malaysia
27
November
2007
© Bank Negara Malaysia, 2010. All rights reserved.
Last Updated Date: 27 November 2007
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