Thursday, September 15, 2005

The buck stops here, Bank Negara tells traders

The Star

PETALING JAYA: “Don’t pass the buck,” Bank Negara has told petty traders, restaurants and retailers in a bid to collect the millions of RM1 coins in circulation before they cease to be legal tender on Dec 7.

Petty traders, restaurants and retailers have been “getting rid” of their RM1 coins by passing it off as change to the public.

Bank Negara, aware of this, held briefings for traders, hawkers and business associations telling them to stop the practice and bank in the coins to help the central bank mop up the coins by the deadline.

The central bank said that the public should refuse to accept RM1 coins as change.

Read full story: The buck stops here, Bank Negara tells traders...The Star

Related story: Bank Negara to withdraw RM1 coin from Dec 7

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