Bnm Quality Std for Malaysian Currency
Transcript of 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
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banknotequality standards
coin qualitstandards
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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
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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
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List of Criteria f
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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 :
SoilingGeneral or localized spread
of dirt or liquid across the
entirebanknote
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unfit banknote
appendix I :
SoilingGeneral or localized spread
of dirt or liquid across the
entirebanknote
unfit banknote
appendix I :
SoilingGeneral or localized spread
of dirt or liquid across the
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
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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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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