Saturday, 7 July 2007

The Power of One Sen

The one sen coin is very powerful. It is not the weak copper coin that most people will not even bother to pick up if found on the floor. By law (Section 24 of the Central Bank of Malaysia Act), all traders have to accept up to a maximum of 200 one sen coins or RM2. So consumers, go ahead, pay for your RM2 or less items with lots of one sen coins.

Likewise, we consumers would have to accept one sen coins up to a maximum of RM2 in value from traders, too.

There is no escape, no refusal. It is the law.

Sources:
  1. Star Online "Paying with one-sen coins is okay – up to RM2"
  2. Star Online "Accept one-sen coins, urge traders"

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