Bank Negara Malaysia & PDRM on Currency Education InitiativeRelease Date: 26 Oct 2017
On ground visit to raise awareness on Security Features of Ringgit Banknote
Bank Negara Malaysia officials went on ground to the Taman Connaught Night Market in Kuala Lumpur yesterday with officers from the Commercial Crime Investigation Department of the Royal Malaysian Police. The team engaged with the Committee Leaders of the Taman Connaught Night Market Hawkers’ Association, following news reports of RM100 and RM50 counterfeit notes in the area. The intent of the on the ground visit was to meet the night market hawkers to better understand the situation.
Additionally, the visit was to promote awareness on the security features of the ringgit banknotes, especially higher denomination notes; and to educate on what to do if in possession of a counterfeit banknote. Ten buntings to raise awareness on banknote security features were placed at strategic locations within the night market and hundreds of educational flyers were distributed to vendors and their customers.
Incidents of counterfeit banknotes in Malaysia remain low and are isolated cases. Bank Negara Malaysia monitors these closely and works in partnership with the police to manage them.
Members of the public are advised to be vigilant and check for the security features of banknotes, especially those with higher denomination. Please lodge a police report if you suspect that you are in possession of a counterfeit banknote. It is a criminal offence to print, keep or circulate counterfeit banknotes.
Malaysian banknotes incorporate the latest security features that are difficult to counterfeit. Members of the public, including retailers, are advised to be vigilant when handling banknotes by applying the “Feel, Look, Tilt & Check” guide as follows:
Feel the paper quality and raised print on genuine banknotes
- Paper banknotes are textured and polymer banknotes are made of special plastic
- Both paper and polymer banknotes have raised print effect on the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong and texts
Look at the banknote under white light background and observe the following features:
- 3-dimensional portrait watermark, perfect see through register and clear window will be visible
- Continuous line of security thread will be visible
Tilt the banknotes to inspect the colour change on the hologram stripe and security thread
- Security thread that changes colour
- Thread with ‘Hibiscus Flower’ icon on RM100 banknote that moves when tilted
Check the banknotes using simple equipment to inspect the following:
- The micro text lettering through magnifying glass; and
- The 2-colour fluorescent element, text and logo and security fiber colour (red, yellow and blue) under Ultra Violet (UV) light.
To know more about the features of Malaysian banknotes, the public are encouraged to download the Bank’s My Ringgit Mobile App from the Apple iOS App Store or the Google Play Store. The App provides an interactive guide to the security features of the Malaysian currency.
- My Ringgit App User Guide: https://www.youtube.com/watch?v=_pdM2YzqmAA
- For more information on identifying counterfeit banknotes, please visit http://bnm.my/realmoneytest
- For Guidelines on Handling Counterfeit Banknotes please visit http://bnm.my/howtodealwithfakemoney
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