Bnm Quality Std for Malaysian Currency

8/10/2019 Bnm Quality Std for Malaysian Currency

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G U I D E Lon Quality Standards for


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Introduction 1

Objective 2

Definitions 3

Banknote Quality Standards 4

Coin Quality Standards 5

Fitness Sorting Criteria of Banknotesfor Recirculation 6 & 7

Fitness Sorting Criteria of Coins for Recirculation 8 & 9

Illustrations of Unfit Banknotes for Recirculation

APPENDIXI : Soiling 12 - 15

APPENDIXII : Limpness 16

APPENDIX III : Crumples/Shrinkage 17

APPENDIX IV : Defaced 18

APPENDIXV: Ink Wear 19

APPENDIXVI: Tears 20

APPENDIXVII : Holes 21

APPENDIXVIII : Repairs 22

APPENDIX IX : Corner Folds 23

APPENDIX X : Burnt/Termite Infested 24

APPENDIX XI: Composed Banknote 25

APPENDIXXII : Missing Security Feature 26

Illustrations of Unfit Coins for Recirculation

APPENDIXXIII: Corroded 28APPENDIX XIV : Hole 29

APPENDIX XV : Dented 30

APPENDIX XVI: Broken 31

APPENDIX XVII : Cut 32

APPENDIX XVIII : Burnt 33

APPENDIX XIX : Stained/Dirty 34

APPENDIX XX : Freak Coin 35

Treatment of Banknotes andCoins Unfit fo r Ci rc ul at io n 36

Section 20 of the Cen

Bank Negara Malaysicurrency (banknotes a

supply, Bank Negara

the integrity and qual

To achieve this, it is c

currency in circulation

Banknotes and coins o

checked for genuine

t ime during circulat

identified and replace

introductio


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Fit CurreFit Currency meansquality criteria and s

Unfit CuUnf it Currency mea

characteristic(s) whiin circulation

Guidelines on Quality

Standards for Malaysian Currency

are established to provide a clear and

acceptable criteria and standard

for determining the quality ofcurrency in circulation

objective

definitions

Page 2 | GUIDELINES ON QUALITYSTANDARDS FOR MALAYSIAN CURRENCY


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banknotequality standards

coin qualitstandards


A Malaysian coinif it meets all of t

Genuine, no

Free from so

(often by th

burning, dirt

Free from de

or missing c

Is not a freak

A Malaysian banknote is consideredfi

t for recirculationif it meets all of the following criteria:

Genuine, not counterfeit

Free from holes, tears, tape or

missing banknote portion

Has uniform brightness and is

free from excessive soiling

Free from ink wear, particularly on the portrait

of the Seri Paduka Baginda Yang di-Pertuan Agong

Free from defacing


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Malaysian banknotes shall be kept in circulation

only if they are evaluated as fit according to the

defined criteria. The fitness check is to be carried

out by visual inspection of the individual

banknotes. A genuine Malaysian banknote

is considered unfit for recirculation if it has

any one of the defined criteria.

minimum manual(visual) fitness sortingcriteria of banknotes

for recirculation

No. Feature

1. So il in g G en er al o r l oc al iz ed

2. Limpn ess Excessive folding tha

limpness of the ban

3. Crumples Multiple random fo

(shrinkage of a visual appearance o

polymer banknote) banknote due to ex

4. Defaced Banknotes containin

deliberately on the s

5. Ink wear Ink wear on part or w

washed or is subjec

6. Tears Tears of any size or d

7. Holes Banknotes exhibitin

(staple and pinholes

8. Repairs Parts of the same ba

9. Cor ner f olds Perman ent an d irrep

in length of more th

10. Burnt / Damage caused by

Termiteinfested direction of more th

11. Composed Banknotes divided i

banknote or parts of different

12. Missing Any one or more sec

security feature through manual (vis


List of Criteria for B


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Malaysian coins shall be kept in circulation only

if they are evaluated as fit according to the

defined criteria. Thefitness check is to be carried

out by visual inspection of the individual coins.

A genuine coin is considered unfit for recirculation

if it has any one of the defined criteria.

minimum manual(visual) fitnesssorting criteria ofcoins for recirculation

No. Feature

1. Corroded Destroyed or washe

on part or entire sur

2. Hole Coins exh ibiting at le

3. Dented Coin damaged by h

4. Broken Coin fractured into p

5. Cut An opening of any le

a pair of scissors

6 . Burnt D amag e cause d by

may alter the appea

7. Stained/ Dirty Changein colour of

8. Freak coin A markedly unusual


List of Criteria f


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Page 10 | G UIDELINES ON QUALITYSTANDARDS FOR MALAYSIAN CURRENCY

illustrationof banknounfit for

recirculatio

Assessmentof Mutilated / Defaced Banknotes and Mutilated Coins

Defaced Banknote

A banknote containing words, signs, symbols, drawings and caricatures which are

either written or inscribed on its surface deliberately.

Full value shall be awarded to any piece of banknote which has minor defacing

No value shall be awarded to any piece of banknote which is defaced in any

significant way (that is, markings done on the portrait of the Seri Paduka Baginda

Yang di-Pertuan Agong, writings depicting political slogan and religious element

or using the banknote as an invitation card/writing pad)

Mutilated Banknote

Value shall be given to any torn, burnt and termite infested banknotes subject to the

following conditions:

Fullvalue shall be awardedto any piece of banknote which is more than two-thirds

(2/3) in size of the original banknote

Half value shall be awarded to any piece of banknote which is more than half (1/2)

but less than two-thirds (2/3) in size of the original banknote

No value shall be awarded to any piece of banknote which is less than half (1/2) in

size of the original banknote

MutilatedCoin

Face value shall be given if the following conditions are fulfilled:

The coin is genuine

Its design is recognizable

Mutilation or defacement is caused by accident or abrasion


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unfit banknote

appendix I :

SoilingGeneral or localized spread

of dirt or liquid across the

entirebanknote

unfit banknote

appendix I :



entirebanknote


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unfit banknote

appendix I :



entirebanknote

unfit banknote

appendix I :



entirebanknote


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Multiple random folds

acrossa banknote that

strongly affect the visual

appearance (crumpling)

Shrinkageof a polymer

banknote due to excessive

exposure to heat

Page 16 | GUIDELINES ON QUALITY STANDARDS FOR MALAYSIAN CURRENCY

unfit banknote

appendix II :

LimpnessExcessive folding resulting in a breakdown of the structure of banknotes

unfit banknote

appendix III :

Crumple / Shrin


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unfit banknote

appendix IV :

DefacedWriting / scribbling on a banknote

unfit banknote

appendix V :

Ink WearInk wear on a banknote


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unfit banknote

appendix VI :

TearsTear of any size or direc tion on a banknote

unfit banknote

appendix VII :

HolesHoles on a banknote


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unfit banknote

appendix IX :

Corner FoldsFolded and permanent line on a banknote

unfit banknote

appendix VIII :

RepairsRepairs using tape on a banknote


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unfit banknote

appendix XI :

Composed BankComposition of twoor more differentbanknotes

unfit banknote

appendix X :

Burnt / Termite InfestedBurntor infested by termitesof any size or direction


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Page 26 | G UIDELINES ON QUALITY STANDARDS FOR MALAYSIAN CURRENCY

unfit banknote

Missing Security FeaturesLoss of a security feature (e.g. LEAD strip) on a banknote

illustrationunfit for re

appendix XII:


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unfit coins

appendix XIV:

HoleCoins exhibiting at least one visible hole on any p

unfit coins

appendix XIII:

CorrodedDestroyed or washed permanently by chemical agent on part or entire surface


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unfit coins

appendix XVI:

BrokenCoins fracturedinto pieces

unfit coins

appendix XV:

DentedCoins damaged by hitting but not broken


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unfit coins

appendix XVIII:

BurntDamage caused by burning which can result in di

unfit coins

appendix XVII:

CutAn opening of any length using a sharp tool, for example, a knife or a pair of scissors


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unfit coins

appendix XX:

FreakA markedly unusual or abnormal coinat the time

unfit coins

appendix XIX:

Stained / DirtyChange in colour of coins caused by wear and tear, dirt, for example black coins


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Unfit banknotes and coins may be exchanged atcommercial banks and Bank Negara Malaysia branches.

For further information, kindly contact Bank Negara Malaysia at the following:

Jabatan Pengurusan & Operasi MatawangBank Negara Malaysia

Jalan Dato Onn

50480 Kuala Lumpur

Telephone : 03-26988044 ext. 7284 / 7307 / 8252 / 8278

Facsimile : 03-26913410 / 03-26915859

Website : www.bnm.gov.my

or

BNMTELELINK

Telephone : 1-300-88-5465

Facsimile : 03-21741515 / 03-21741616E-Mai l : [email protected]

or

at any Bank Negara Malaysia Branch in Kuala Terengganu, Pulau Pinang, Johor Bahru,

Kuching and Kota Kinabalu.

Page 36 | G UIDELINES ON QUALITY STANDARDS FOR MALAYSIAN CURRENCY

Treatment of Banknotes and CoinsUnfit for Circulation

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Bnm Quality Std for Malaysian Currency

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