Template-Type: ReDIF-Paper 1.0
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Author-Name: Welz, M.
Author-Name-Last: Welz
Author-Name-First: Max
Title: The Cash Use of the Malaysian Ringgit
Abstract: The current (as of 2012) denominational range of the Malaysian ringgit has banknotes of RM1, 5, 10, 20, 50 and 100, but no RM2. The previous range (1996) carried RM1, 2, 5, 10, 50 and 100, but no RM20. We compare the efficiency of these two ranges with a full range like the Euro has, that is, 1, 2, 5, 10, 20, 50 and 100. We estimate that if the Bank Negara Malaysia would reintroduce an RM2 banknote, the efficiency of the payment system in Malaysia would increase substantially.
Length: 5
Creation-Date: 2020-03-03
Series: RePEc:ems:eureir
Classification-JEL: E42, E58
Keywords: Cash payments, denomination range, efficiency
Handle: RePEc:ems:eureir:125962