After a 16-year hiatus, the RM20 banknote will be re-introduced by Bank Negara.
It is part of a new design of Malaysian banknotes and coins which will 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 function as an intermediary denomination to bridge the value gap between RM10 and RM50 for greater convenience in making payments,” Bank Negara told The Star in a statement yesterday.
With the new RM20 banknote, the central bank expects a reduction in overall demand for RM10 and RM50 banknotes.
The 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.
