RM1 Coin Ceased of Legal Tender

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RM1 Coin
Effective from December 7th, 2005, the RM (Ringgit Malaysia) 1 coin will be ceased of legal tender. This means that if you drop a RM1 coin down the slit of the soft drink dispenser, it’ll come out straight in the coin retrieval slot. So, don’t get too upset and start kickin’ on the machine, for there’s nothing wrong with the dispenser nor the coin. The coin is dead now and contains no currency value.

Perhaps some of you might want to keep some of the coins as a collection, but for those who missed the chance to exchange the coins within the last 3 months, you could still be able to do that at no charge at all branches of commercial banks, the main branches of Bank Simpanan Nasional and Bank Negara Malaysia’s branches at Kuala Lumpur, Pulau Pinang, Johor Bahru, Kuala Terengganu, Kuching and Kota Kinabalu.

Reason for discontinuing the coin is reported to be standardization issues, with two different version of the coins being minted by Royal Mint of Malaysia Sdn. Bhd.

RM1 Coin. R.I.P. on 07/12/2005


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