Bank Negara Malaysia announces today the issuance of commemorative coins in conjunction with the 25th Anniversary of the Labuan Financial Services Authority (LFSA).

Launched by Minister of Finance YBM Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, the commemorative coins will be issued in two denominations:

1. Coloured Sterling Silver with Sapphire Stone Commemorative Coin (proof)
   
   For the first time, Bank Negara Malaysia will issue numismatic coins with sapphire stone inserts. The coin weighs 31 grams and is made of sterling silver with 92.5 purity. It has a face value of RM10 and will be sold at RM286 a piece. The mintage quantity is 1,000 pieces.
    
2. Nordic Gold Brilliant Uncirculated (B.U) Commemorative Coin
   
   This coin weighs 8.5 grams, and is made of copper and several other metals. It has a face value of RM1 and will be sold at RM13.20 a piece. The mintage quantity is 10,000 pieces.

These commemorative coins are also available for sale in a Set of 2. Each Set of 2 is priced at RM341, inclusive of 10% Sales and Services Tax (SST). Each set comprises one coloured sterling silver with sapphire stone proof coin and one Nordic gold proof coin. A total of 1,000 sets are available for purchase. Please refer to Appendix I for the detailed specifications of these commemorative coins.

Coin design

The design of the commemorative coins is as follows:

Obverse

The text “LABUAN FINANCIAL SERVICES AUTHORITY” is shown on the left circumference of the coins, while on the right circumference “1996-2021” is depicted to mark 25 years of LFSA’s establishment. The map of Labuan is featured on a diamond-cut 3D surface with Labuan Financial Park – where LFSA is headquartered – marked out with a sapphire stone insert on the sterling silver coin. This geographic representation signifies the multi-faceted landscape of Labuan IBFC and its significance to the Labuan economy, and of the important role played by LFSA as the regulatory body enforcing IBFC laws.

Reverse

The text “BANK NEGARA MALAYSIA”, as the issuing authority of these numismatic coins, is shown on the top circumference of the coin followed by the official LFSA25 logo in the centre. The text of “10 RINGGIT” and “1 RINGGIT” as the face value of the coins are shown at the bottom circumference of the, accompanied by the LFSA25 event tagline, “A Journey of Dedication, Determination and Dynamism”.

Sale of commemorative coins

To provide a fair opportunity for members of the public to buy these limited edition coins, there will be a purchase limit of a Set of 2, one coloured sterling silver coin with a sapphire stone (proof) and up to five Nordic gold (B.U) coins per person.

Members of the public can place their orders at duit.bnm.gov.my from 10 a.m., Monday, 14 February 2022 to 11 p.m., Friday, 25 February 2022.

Members of the public are advised to place their orders through the Bank Negara Malaysia online system and not with any other party or unauthorised ordering facility. All orders will be considered and there will be no preference given to orders based on order date and time. In the event of oversubscription, balloting will take place.

Appendix I – Technical Specifications

 *Note: Prices stated above are inclusive of 10% SST