KUALA LUMPUR: Bank Negara Malaysia (BNM) is issuing commemorative RM1 and RM10 coins in celebration of 100 years of commercial oil palm planting in Malaysia.
Display units will be available for public viewing from Monday, July 31 at BNM’s Museum and Art Gallery, and offices in KL, Penang, Johor Baru, Kota Kinabalu, Kuching and Kuala Terengganu.
The coins will be available for sale, subject to six per cent Goods and Services Tax (GST) from Wednesday, Aug 9 at the same locations.
Malaysia has the distinction of being one of the world’s largest producer and exporter of palm oil.
The palm oil sector has contributed significantly to the cumulative export earnings for the country, through the export of the commodity and many value-added products to the global market.
It has contributed to job creation and enhanced the welfare and living standards of many in the rural areas within the country.
These commemorative coins were launched by Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong and BNM governor Datuk Muhammad Ibrahim at the central bank's Museum and Art Gallery here today.
Specifications of the commemorative coins are as follows:
Coloured Silver Commemorative Coin (proof)
This proof coloured coin is made of Fine Silver with 99.9 purity and weighs 31.10 grams. It has a face value of RM10 and will be sold at RM230 a piece. The mintage quantity is 700 pieces. The price stated is subject to 6 per cent GST.
Nordic Gold Brilliant Uncirculated (B.U) Commemorative Coin
The Nordic Gold (B.U) coin has a face value of RM1 and will be sold at RM10 each. The mintage quantity is 13,000 pieces. The price stated is subject to 6 per cent GST.
These commemorative coins are also available in Sets of 2. The Set of 2 comprises the coloured silver and nordic gold proof coins. This set will be sold at RM280 per set (subjected to 6 per cent GST) with 1,300 sets available.