Issue of Bank Negara Malaysia (BNM) has been going on quiet a while now. Many people are discussing about it in forums or in their blogs. The main issue is whether the logo symbolize a Pharaoh dog or Barking deer. Most of their article are debating why the deer tail in BNM logo are longer then normal deer should be. There is no official statement by BNM about this but there is an email reply by BNM staff circulating in Internet stating that BNM logo idea suggested by the late Malaysia Bank governor Tun Ismail Mohd. Ali and come from Kelantan old coins.

Photo: BNM logo on the left, Kelantan gold kupang on the right.

Photo: Kelantan coat of Arms
Many people who don't understand, misinterpret the Kelantan Kijang. Maybe they were thinking that Kelantan coin that people were talking about is Kelantan gold dinar that have a Kelantan coat of arms on it. They were telling people that the kijang (deer) in BNM logo is totally different then Kelantan coat of arms. The kijang in BNM logo had a longer tail then kijang in Kelantan coat of arms. That is true but BNM logo exactly come from Kelantan Kijang Gold Kupang coin. The kupang gold had been used long time ago, 14th or 17th century. Thats mean the logo had been used for at least 600 years old. The kijang in this coin had a longer tail then today kijang.
There is no written history about how Kelantan put kijang in their kupang. One is the view which associates the coins with Che Siti Wan Kembang, a female ruler in Kelantan. Her reign was rather obscure as one historian places her in the 14th century while another puts her in the 17th century. According to local folklore, some Arab traders presented a Kijang to the Queen. She became very fond of her pet and had it inscribed on the gold coins. Another version was linked to the influence of Saivite Hinduism. The connection was based on the fact that the earliest issue of Kijang coins resembled the Indian humped-back bull and the bull motif was depicted on the ancient Hindu coins which were circulated in the Northern Malay States.
Photo: Young Barking deer
Bank Negara Malaysia officially stated that their logo come from Malaysia Barking deer or Muntiacus muntjak. They're called as the "barking deer" due to the bark-like sound that it makes as an alarm when danger is present. The Indian Muntjacs specifically are widespread throughout Southern Asia, but are one of the least known Asian animals. Paleontological evidence proves that Indian Muntjacs have been around since the late Pleistocene epoch at least 12,000 years ago.
The Muntjacs' coat is golden tan on the dorsal side and white on the ventral side of the body, the limbs are dark brown to reddish brown, and the face is dark brown. However, the ears have very little hair which barely covers them. Male muntjacs have antlers that are very short, about 1-2 inches, usually consisting of only two or three points at the most and protrude from long body hair covered pedicels on the forehead. Females have tufts of fur and small bony knobs where the antlers are located in males. Males also have slightly elongated upper canines about an inch long that curve slightly outward from the lips. The tail may be raised in alarm to show the white area as a signal of danger.

Photo by neveryetmelted.com: How deer raised its tail.
Correct me if I am wrong but BNM logo don't come from Pharaoh hound dog. It came from a 600 years old coin widely used in Kelantan long time ago and known as Kelantan Kijang Gold Kupang. I wish BNM can give their official statement regarding this.
Source: Wikipedia, Malay-coins.tripod.com.
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