The RM1 coin Story in Malaysia

RM1 Coin Story:

A few weeks ago the government has informed the Malaysian public on
the discontinue of RM1 coin in Malaysian market.

The statement made by the government is that the RM1 coin will not be
legal anymore after 7 December 2005 or something like that.

As usual, the market panic and a lot of RM1 coins were digged from under
the bed, from the saving tin, from Milo tin, from inside the car, everywhere
and everyone started to bring those RM1 coin to either use them or
change them at the bank.

The government did stated that the trader/ business people are required
to accept these RM1 coin from the public because it is still legal right now
and the public could reject the RM1 coin from the trader or business peole
-_-" funny eh??

Yeah I know the reason why they are recalling all these RM1 coin, because
there are a lot of fake RM1 coin in the market which deeply hurts the Bank
Negara I learned from the news paper.

But the thing is that, it's again what Malaysian government good at:

Set rules, or set new regulation or law. Introduce it to the public.
And the public will not follow the rules, regulation or law at at.

I see a alot of public trader out there officially place a note or notice
saying "Decline to accept RM1 coin"
Some verbally told me off for the RM1 coin.

I was at Touch & Go Tambah Nilai lane yesterday and asked the operator
if I could reload my T&G card with the RM1 coin , he told me I have to
use the RM1 coin at the office.

Ok never mind.

So, that's a lof of inconvinience for the public there if the authorities are
listening !!!

What they should do??

First 3 months RM1 coin should be still legal and public can exchange or use
them without any problem given from trader or operators.

All the bank stop issuing or channeling out RM1 coin to public, but only accept
in as deposit and exchange.

Next 2 months RM1 coin is no more legal in public transaction, but these 2 months
should be a grace period for the trader, business people, or stalls or the financial
constitution to exchange the RM1 coin collected or received over the previous
3 months to bank negara.

That's what we call systematic removal of RM1 coin from the market with sufficient
notice and grace period given.

Not suka-suka and announce RM1 is becoming not valid.
And suka-suka go and inform the deadline is 3 months later.
And suka-suka go and force the trader to accept these RM1 coin.

If do like this what is the consequences? Go and try to use RM1 coin in the market
and you will see the consequences of lousy removal RM1 coin from the market.

Sometimes I really don't know what the heck are these bunch of people doing.

Really !! RM1 your head !!