Bank Negara Malaysia has issued two commemorative coins in conjunction with 2017 being the 100th anniversary of the Malaysian palm oil industry. Malaysia has the distinction of being one of the world’s largest producers and exporters of palm oil.
The palm oil sector has contributed significantly to the country’s cumulative earnings, through export of the commodity and many value-added products to the global market. It has contributed to job creation and has enhanced the welfare and living standards of many in the rural areas.
The commemorative coins were launched on July 27 by the Hon. Datuk Seri Mah Siew Keong, Minister of Plantation Industries and Commodities, at the Museum and Art Gallery, Bank Negara Malaysia, Kuala Lumpur.
These coins are also available in a set of two. Each set is priced at RM280 (subject to GST of 6%), with 1,300 sets available for sale.
The official logo of the Malaysian palm oil industry’s centennial celebration is depicted in the centre of the coin. The words ‘MINYAK SAWIT MALAYSIA, KEBANGGAAN DAN PENCAPAIAN KITA’ appear on the circumference of the coin.
The words ‘BANK NEGARA MALAYSIA’ as the issuing authority are featured on the upper circumference of the coin, while the face value is inscribed on the lower circumference. The centre features the image of a stylised oil palm tree, symbolising the growth and development of the palm oil industry towards excellence over 100 years.
Bank Negara Malaysia
This is an edited version of the press release.