Bank Negara Malaysia today announces the issuance of a new design for the RM50 banknote to commemorate Malaysias 50th Anniversary of Independence. 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 New Design RM50 Banknote

The new design RM50 banknote retains the predominant colour of green-blue. The main theme of the design is the National Mission 2020 where the first thrust is to move the economy up the value chain which reflects Malaysias economic transformation to the higher value-added activities in the agriculture, manufacturing and services sectors of the economy.

The dominant intaglio portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong, Tuanku Abdul Rahman ibni Tuanku Muhammad, is retained on the right and the national flower hibiscus is in the centre on the front of the new RM50 banknote. Design patterns from songket weaving, which are in the background and edges of the banknote, are featured to reflect the traditional Malaysian textile handicraft and embroidery. Read the rest of this entry »