"This new design of RM50 banknote is the first denomination of the Fourth Series of Malaysian currency notes which will be replacing the existing series in stages," the central bank said in a statement here.
It said the existing RM50 banknote design series would continue to remain legal tender and would co-circulate with the new RM50 banknotes until the former is gradually phased out.
No time limit had been set on the duration of co-circulation, it added.
Hopefully this new banknote will really help to reduce counterfit. By the way, start keeping uncirculated old 50 ringgit. It will be gone in the near future.
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