For example, if the total amount to be paid is RM82.01 or RM82.02, it will be rounded down to RM82. However, if the total that has to be paid is RM82.03 or RM82.04, it will be rounded up to RM82.05.
All quarters will benefit from this move - consumers, businesses and the Government. Businesses will no longer have to handle the coins or ensure a ready supply, while consumers will also not have to worry about carrying the coins. The Government will save RM18mil which it spends yearly to mint these coins.
Source: The Star
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Hello Everybody,
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