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]]> By: Lai JK http://blog.galvintan.com/2005/09/07/is-withdrawing-rm1-coin-from-circulation-gonna-help/#comment-518 Lai JK Fri, 09 Sep 2005 10:34:14 +0000 http://blog.galvintan.com/index.php/2005/09/07/rm1-coin-ceased-the-day-bank-negara-made-public-announcement/#comment-518 I think to circulate RM1 coins for 3 months is not practical since everyone has no clue on how to differentiate those fake ones from real ones. BNM should accpet all the coins if it fails to reveal the specifications of the RM1 coin. To the very least each of the public members will be able to check those coins they have in hand. If the specs are purely based on weight, thickness and diameter, checking on its authenticity is possible, tedious though. However, it will be hard if the specs are based on metal composition. To ponder further about this issue, if the fake coins are of the similar (not identical though) qualities, and if no measure was taken by BNM in the past to counter this fake coin issue, I strongly think that BNM should bear the responsibility of not being able to ensure each coin circulated in money market are accountable. Hence I strongly believe that all the coins in question should be accepted unconditionnally by BNM. BNM in this case should not make circulation of RM1 coin among businessmen and consumers compulsory during this transition period. I think to circulate RM1 coins for 3 months is not practical since everyone has no clue on how to differentiate those fake ones from real ones. BNM should accpet all the coins if it fails to reveal the specifications of the RM1 coin. To the very least each of the public members will be able to check those coins they have in hand. If the specs are purely based on weight, thickness and diameter, checking on its authenticity is possible, tedious though. However, it will be hard if the specs are based on metal composition. To ponder further about this issue, if the fake coins are of the similar (not identical though) qualities, and if no measure was taken by BNM in the past to counter this fake coin issue, I strongly think that BNM should bear the responsibility of not being able to ensure each coin circulated in money market are accountable. Hence I strongly believe that all the coins in question should be accepted unconditionnally by BNM. BNM in this case should not make circulation of RM1 coin among businessmen and consumers compulsory during this transition period.

]]> By: KY http://blog.galvintan.com/2005/09/07/is-withdrawing-rm1-coin-from-circulation-gonna-help/#comment-517 KY Thu, 08 Sep 2005 06:31:19 +0000 http://blog.galvintan.com/index.php/2005/09/07/rm1-coin-ceased-the-day-bank-negara-made-public-announcement/#comment-517 reduce the fee la, now use 2 50 sen coin mah enough lohhh reduce the fee la, now use 2 50 sen coin mah enough lohhh

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