MANY people do not know
really about the coins that they use in their daily life. The KK MP Hiew King
Cheu took the trouble to research into and disclosed herewith some the basic
data of our Malaysian coins which is of public interest.
The Malaysian always thinks
that our coins are made out of precious metals, but in the real fact is that
none of our coins are made from the precious metal, and even no way near the
grade of pure silver and gold like those in the olden days.
The coins that we use today
are bi-metal alloy made from a mixture between Nickel, Brass, copper and Zinc.
The latest new coins are the Third Series of Malaysia Coins which comprising of
the gold colored RM 0.50 and RM 0.20 and the silver colored RM 0.10 and RM 0.05
face value coins.
The new Third Series 50
cents coin is made from Nickel Brass Clad Copper, and the 20 cents coin is made
from Nickel Brass, while the new 10 cents and 5 cents coins are both stainless.
When compared to the old
coins, the new series coins are actually much cheaper because of the metal used
and the weight involved. The comparison on the metal cost indicates that the
face value deferred by a lot as Nickel costs USD 0.02405/g, Copper costs
0.00970/g and the cheapest if stainless steel 0.0045/g. So the new coins are
actually not having the true or higher face value when compared to the old
coins. The following chart indicated the differences:-
Although the face value
remained the same, but in the real fact our coins have lost its actual worth
due to the reduced size, weight, and on the changes of the material especially
on the use of stainless steel. It is significant that these coins have also reflected
on the well being of our monetary and financial standing of our country.
The Malaysian currency
(paper note) is needed gold reserve to secure, and the coins are similarly
based on the metal value to guarantee its value. For this matter MP Hiew had
approached the Bank Negara Malaysia (BNM) for more information and data.
For more information out of
interest, the BNM has advised to surf into their website at www.bnm.gov.my to
see for details required. MP Hiew will give out more details regarding the implication
and signification of the Third Series of Malaysian coins on the economy and the
financial standing of the country under the BN government rule.
detail juga info ini. Tapi yang pasti duit baru ini cantik sedikit.
ReplyDeletesyiling baru dan lama mmg byk perbezaannya.
ReplyDeleteLain zaman pemerintahan, lain syiling dikeluarkan
DeleteThe new coins are lighter in weight compare to the previous ones.
DeleteApa2 pun duit syiling, tetap syiling juga.
ReplyDeleteIt is illogical to use precious metal that cost more than the face value of the coins itself. As long as the value of the coins still remains the same, that is all that matters.
ReplyDelete