There are times that we don’t have small change with us on hand, thus leaving us with no choice but to whip out bigger Ringgit notes.
A shop recently became the subject of online debate after a notice about it not accepting a particular value of Ringgit notes went viral.
‘RM100 notes not accepted’
In a photo posted by FTopNews 新闻最前线 on Facebook, it showed a trilingual notice that was put up at the entrance of the unnamed shop.
On the notice, it read: ‘We do not accept RM100 notes’ in English, Malay, and Mandarin. However, the shop didn’t give a reason for its rejection of RM100 notes.
Netizens were puzzled by the shop’s decision to not accept RM100 notes as cash is still considered to be a legal tender in Malaysia.
Another sarcastically suggested that customers should work around the ‘ban’ by buying 10 cups and using 10 sen coins to pay for it.
However, some reasoned that the shop wanted to avoid getting fake RM100 notes, which has become more prevalent in recent times.
Conditions for notes being rejected
Under Malaysian law, Ringgit notes, regardless of its value, can and must accept cash as a legitimate form of payment.
However, the Central Bank Act lists out several conditions that allow vendors to refuse cash payment:
- Torn or damaged notes
- Suspected fake notes
- Notes stained by ATM security dye)
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