• Short Summary

    MALAYSIA, SINGAPORE AND THE BRITISH - PROTECTORATE OF BRUNEI, TODAY (MONDAY) JOINTLY CREATED HISTORY WHEN THEY ISSUED SEPARATE CURRENCIES.

  • Description

    MALAYSIA, SINGAPORE AND THE BRITISH - PROTECTORATE OF BRUNEI, TODAY (MONDAY) JOINTLY CREATED HISTORY WHEN THEY ISSUED SEPARATE CURRENCIES.

    THE NEW NOTES CAME INTO CIRCULATION WITHOUT MUCH ADO. THE NOTES ARE AT PAR, AND HAVE THE SAME VALUE AS THE PRESENT COMMON DOLLAR -- 2S 4D STERLING. THEY ARE ALSO INTERCHANGEABLE.

    STERLING WAS THIS MORNING QUOTED AT $8.50 (MALAYSIAN) BUYING AND $8.65 (MALAYSIAN) SELLING. THE SAME AS AT JUNE THE 9TH.

    THE AMERICAN DOLLAR WAS QUOTED AT $2.96 (MALAYSIAN) BUYING AND $3.12 (MALAYSIAN) SELLING, UNCHANGED.

    THE ISSUING OF THESE CURRENCIES FOLLOWS THE BREAKAWAY OF SINGAPORE FROM MALAYSIA IN AUGUST, 1965.

    MEANWHILE, THE OLD MALAYSIAN DOLLAR WILL STILL BE ALLOWED TO CIRCULATE IN THE THREE COUNTRIES UNTIL IT CEASES TO BECOME LEGAL TENDER. THE OLD CURRENCY ISSUING AUTHORITY -- THE BOARD OF COMMISSIONERS OF CURRENCY, MALAYA AND BRITISH BORNEO -- WILL DECIDE ON A DATE TO DECLARE THE DOLLAR INVALID IN THE THREE COUNTRIES.

    THE NEW MALAYSIAN DOLLAR HAS THE PORTRAIT OF THE FIRST MALAYSIAN KING, WHO DIED AFTER A SHORT REIGN IN 1963. MALAYSIA IS THE ONLY COUNTRY IN THE WORLD WHICH HAS AN ELECTED MONARCH.

    MALAYSIA ALSO ISSUED NEW COINS.

    THE MAIN MOTIFF ON THE FRONT OF THE SINGAPORE NOTES IS THE ORCHID -- EACH DOMINATION HAVING A DIFFERENT LOCAL HYBRID. THE COINS WILL BE ISSUED LATER.

    WHEN THE BANKS IN THE THREE COUNTRIES OPENED FOR BUSINESS TODAY, LONG QUEUES OF PEOPLE HAD GATHERED TO CHANGE OLD MALAYSIAN NOTES FOR THE NEW ONES.

    ALL BANK ACCOUNTS, WERE AUTOMATICALLY CONVERTED INTO THE NEW DOLLAR.

    FROM TODAY, THE BANKS WILL RETURN TO THE BOARD OF COMMISSIONERS OF CURRENCY, ALL OLD CURRENCY AS THEY RECEIVE THEM IN EXCHANGE FOR THE NEW DOLLAR.

  • Tags

  • Data

    Film ID:
    VLVA1NQK3JY6HOI2O210OFTLVVV2O
    Media URN:
    VLVA1NQK3JY6HOI2O210OFTLVVV2O
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    12/06/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:27:00
    Time in/Out:
    /
    Canister:
    N/A

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