Bank Negara: New banknotes will still be issued

Cash is not dead: BNM will continue issuing physical banknotes despite the growing popularity of cashless transactions. — KT GOH/The Star

GEORGE TOWN: Despite the popularity of e-wallets and cashless transactions among consumers nowadays, Bank Negara Malaysia (BNM) will not stop issuing new banknotes for circulation.

Bank Negara, which last issued currency notes with new designs back in 2012, said moving forward, cash will remain an important means of payment in Malaysia’s economy.