“Ugliness to Another Level”
2008
Small talk : I received a so best sms from beemer this afternoon. LAFAZ NIAT MENGUNDI : Sahaja aku keluar barisan, naik roket menuju ke bulan kerana keadilan. Ok, not funny.
Photo : http://clareng.com
Everyone has been talking how ugly the new RM50 notes are and yes, I do think it’s ugly too. At the beginning of 2008, 20,000 pieces of the New 4th Series RM50 Commemorative Notes had been sold at a premium of RM10.00 to the public at RM60.00 a piece by Central Bank. So, if you’re one of the unlucky ones that bought the notes earlier then I pity you. You paid RM60.00 for a piece of ugly shit that only has a face value of RM50.00 and how much is RM50 today? I do not need to elaborate more.
Now, end of January this year, a further RM49M of the New 4th Series RM50 Notes was distributed amongst the financial institutions but only the selected ones. Not every bank received the new notes. So, maybe you need to go to Manyakorangbeng, Cimpbeng or you can just ask around if you want to have that fugly RM50 note with a price of RM50 only. It’s no more RM60.00 now. See, that’s why I said those who have bought earlier can hang yourself on the wall. They could have just wait for another month and the thing will eventually be distributed for the price of RM50.00 but to be honest they should’ve sold it at a premium of –RM20.00 because fugliness tends to depreciate value.
The mass production and supply of the New 4th Series RM50 Notes is expected to be in the 4th Quarter of 2008, which means towards the end of this year you will find this note flooding the market. Just so you know, the current notes that we are using now is the 3rd Series and in the meantime the 3rd Series will continue to be in circulation to meet the current demand.
The fugliness is not the only problem with RM50.00 note. The new notes will not be recognized by all ATMs and CDMs everywhere. The only place you can do transactions with this note is through the counter and you and I know how sucky it can be when it comes to waiting for turns especially in Manyakorangbeng and Cimpbeng and also PubikBeng and what more to say in Beng Siasoi Nasional?
So, my question is .. Why Central Bank did not want to wait for everything to be in place before releasing the the notes into the market? Why not wait till the ATMs and CDMs to calibrate with it? What a lulu!
P/S : Introduction of new design and features on the other denominations will follow through.









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