KUALA LUMPUR, March 29 — Malaysia’s currency in circulation (CIC) grew by 8.0 per cent to RM162.1 billion in 2022 from RM150.1 billion in 2021, compared to a record high of...
KUALA LUMPUR, March 29 — Malaysia’s currency in circulation grew by 8.0 per cent to RM162.1 billion in 2022 from RM150.1 billion in 2021, compared to a record high of 15.1 per cent in 2021.
“In our daily currency operations, the bank processes millions of notes each day using high — speed processing machines at our automated cash centre and five regional offices in Penang, Johor Bahru, Kuala Terengganu, Kuching and Kota Kinabalu. “Our notes are embedded with numerous security features. Counterfeits detected are mostly poor imitations of genuine notes without any security features,” it said.
In 2022, BNM said the bank via an appointed auctioneer, conducted two online auctions that attracted strong interest from collectors and bidders from around the world.
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