Features of money
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
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