After a 16-year hiatus, the RM20 banknote is going to be re-introduced by Bank Negara. It’s a part of a newdesign of Malaysian banknotes and coins which is to be issued for circulation early next year in an exercise that is undertaken periodically every 12 years.
The re-introduction of the RM20 banknote in the new currency series is primarily to operate as an intermediary denomination to bridge the value gap between RM10 and RM50 for greater convenience when making payments, according to Bank Negara Malaysia.
With the new RM20 banknote, the central bank expects a decrease in overall demand for RM10 and RM50 banknotes.
The above picture is an old RM20 banknote was introduced during the second series in 1982 and was discontinued in 1995. It featured Malaysian traditional ornamental designs and the Bank Negara headquarters on its reverse side.
PS: Can’t wait to receive my 1st RM20 note after 16 years!