Fea­tures of money

The Star Malaysia - Star2 - - LIVING - – Com­piled by Sheela Chan­dran

MONEY – which takes the form of coins, bank notes and bank bal­ances – is used to pay for var­i­ous goods and ser­vices. It is also used to mea­sure and store value.

Dif­fer­ent cur­ren­cies are used through­out the world. The ring­git is Malaysia’s of­fi­cial cur­rency. Did you know the word “ring­git” was orig­i­nally used to re­fer to the ser­rated edges of Span­ish sil­ver dol­lars widely cir­cu­lated in Spain be­fore the in­tro­duc­tion of their own cur­rency?

Since colo­nial times, colour codes have been used to dif­fer­en­ti­ate the dif­fer­ent notes of vary­ing face val­ues. The var­i­ous colours or colour com­bi­na­tions for dif­fer­ent bank-notes in­clude blue (RM1), green (RM5), bluish grey (RM50) and vi­o­let (RM100).

Coins have dif­fer­ent im­ages on them. The one sen coin has an im­age of the re­bana ubi, a tra­di­tional drum; the five sen coin, the spin­ning top; the 10 sen coin, the con­gkak; the 20 sen coin, an im­age of sireh ka­pur con­tain­ers; and the 50 sen coin bears the im­age of the wau.

The re­verse side of the coins shows their value and the year the coin was minted. The first se­ries of coins were re­leased in 1967 when the coun­try switched over to its cur­rent cur­rency called the Malaysian dol­lar at that time.

Re­cently, Starchild read­ers were asked to de­sign their own money. They were asked to in­clude spe­cial el­e­ments on the

dol­lar bills and colours to dif­fer­en­ti­ate each de­nom­i­na­tion as well as se­cu­rity fea­tures. Let’s hear what they have to say.

“I think the must im­por­tant thing in the de­sign of notes is it must be safe. There are many cases of fake notes around so my de­sign will have ex­tra se­cu­rity fea­tures,” writes Bhu­ven­raj

Ganesh, eight.

Lau­ryn Tan Zi Yi, nine, says: “I would choose pat­terns that I like for the notes to make them more colour­ful. I would also draw my favourite an­i­mals and flower pat­terns on them. Most notes show the portraits of the kings and queens of their coun­tries so that peo­ple can eas­ily know which coun­try the notes are from. Some coun­tries have pic­tures of their na­tional flow­ers, fruits, an­i­mals and fish on the notes.”

Ong Chang Haan, six, writes: “My RM1 note has two im­ages of or­anges be­cause I like to eat or­anges. I also added stars be­cause I like the shape of stars.” “I drew De­spi­ca­ble Me 2 on my bill be­cause I think min­ions are funny,” says sixyear-old Louise Marie Chew.

Lau­ryn Tan Zi yi, 9

bhu­ven­raj Ganesh, 8

Louise marie chew, 6

Ong chang Haan, 6

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