Thursday 28 Mar 2024
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KUALA LUMPUR (May 11): Bank Negara Malaysia (BNM) has launched an ink staining technology as an “innovative solution” against attempted theft at automated teller machines (ATMs) in the country.

ATMs fitted with this technology are protected by a security device containing a special ink that will smear the currency note.

According to BNM, when there is an attempt to temper with the protected ATM, the security device will be triggered to release the ink, hence, staining the currency notes on all corners.

This ink is indelible and can be traceable to a particular financial institution that has dispensed the currency notes.

“Thus, it can assist the police more effectively in their course of investigation.

“More importantly stained currency notes will lose their legal tender,” said BNM Deputy Governor Datuk Muhammad bin Ibrahim in his keynote speech at the launch of the ink-stain technology and My Ringgit mobile application today.

While the stained currency notes will be valueless to criminals, Muhammad said the owner of the currency notes (financial institutions) can exchange the currency notes with the central bank.

However, he noted that these stained currency notes cannot be brought back to circulation as they are not a legal tender anymore.

Meanwhile, BNM also launched a mobile app "My Ringgit" that aims to provide members of the public with a tool to obtain information on the security features of the ringgit.

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