Bank Negara to withdraw RM1 coin from Dec 7

A collector's item from Dec 7, 2005.

PETALING JAYA: The RM1 coin will be withdrawn from circulation from Dec 7.

A Bank Negara statement yesterday confirmed that the coin would cease to be legal tender from that date.

“The public can exchange the coins at face value without any charge at all commercial banks from Sept 7 to Dec 6.

“The main branches of Bank Simpanan Nasional and Bank Negara branches at Kuala Lumpur, Penang, Johor Baru, Kuala Terengganu, Kuching and Kota Kinabalu will also provide such services,” the central bank said in the statement, adding that the RM1 banknote would continue to be legal tender and remain in circulation.

Details are available at Bank Negara's website, www.bnm.gov.my, or by contacting the currency management and operations department at 03-2698 8044 ext 7442/7417.

Source: The Star