rm 1 coins

ever since the national bank has announced that RM1 coins will not be legal for tenders starting from december 7th, malaysians already started having problems in exchanging them into notes in banks where a lot of the banks in klang valleyis not accepting them and claiming them as fake coins. even though if the banks accepted them, those that is found fake are confiscated. in a consumer point ofview, how on earth do we tell it's genuine or fake. this is the mentality of some people being irresponsible in this matter and the banks are not providing the proper service to people. as mentioned by our deputy finance minister, all RM1 coins are still legal and should not be rejected by banks or traders, whythe banks are putting a hold on this issue. this eventually causes more dissatisfactions among the consumers.

"Deputy Finance Minister Datuk Dr Ng Yen Yen said traders and banks should not reject the coins as they were still legal tender until Dec 6, adding that the public should exchange the coins before the deadline."

“I assure everyone that the RM1 coin is still legal tender and there is no reason for banks or anyone to refuse to accept it or to set conditions before accepting it,” Dr Ng said here yesterday.

as a result from that, most of the food outlets are giving changes of RM1 coins to their customers and how is the customer going to exchange it into notes. this just doesn't make any sense and believe it or not, even the neighbourhood's bread seller is not accepting any RM1 coins.

sources taken from thestar