Malaysia new banknote printer reveal

If any of you read news today, you might already know that Malaysia new banknote printer reveal at Dewan Rakyat today. To every Malaysian who still don't know, Bank Negara Malaysia (BNM) will announce a new fourth series of the ringgit banknotes in the near future and already announce Malaysia 3rd series coins on 25 July 2011. BNM decided to issue the the new third series of the Malaysian coins and the fourth series of the ringgit banknotes with improved security features to overcome counterfeiting.

Here are the news reported by Bernama:

Deputy Finance Minister Datuk Donald Lim Siang Chai told the Dewan Rakyat the move would help Bank Negara Malaysia to reduce the cost of producing the new coins by 49% a year through the use of base metals and other technical specifications.

"The appointment of suppliers for the new series of Malaysian coins and banknotes is made through an open tender," he said in response to a question by Lim Lip Eng (DAP-Segambut) who wanted to know the government's rationale in producing the new series of the Malaysian coins and banknotes.

He said all the contracts for the supply of the new series of Malaysian coins and banknotes had been tendered to international companies of high reputation and credibility.

"The supplier which has been selected to supply the coins is Poogsan Corporation, South Korea, and the coins are minted at the Bank Negara Malaysia mint in Shah Alam.

"The suppliers for the new series Malaysian banknotes are Crane AB, Sweden; Giesecke & Devrient GmbH, Germany; Oberthur Technologies, France, and Orell Fussli, Switzerland," Donald added.

Malaysia new banknote printer will be Crane AB, Sweden; Giesecke & Devrient GmbH, Germany; Oberthur Technologies, France, and Orell Fussli, Switzerland. I think that will stop the rumours about Malaysia new banknote turn plastic next year. We hope to hear a good news by early November.