So your dog ate your money? Welcome to the club!
It happened when my husband was taking out his keys to the door, a RM50 note fell out from his pocket. Since it was dark, he did not notice until morning and all that was left was shreds and pieces.
|Sob.. the dogs ate my RM50...|
|All that was left from the back :(|
So a bit research show that you can actually go to Bank Negara Malaysia to get "mutilated" or damaged notes exchanged for a brand new one.
The guidelines from Bank Negara as per their website at http://www.bnm.gov.my was:-
"There are three categories of redemption value of a mutilated note as follows :-
(i) Full value should be awarded to any piece of note which is more than two-thirds (2/3) in size of the original note or;
(ii) Half value should be awarded to any piece of note which is more than half (1/2) but less than two-thirds (2/3) in size of the original note or;
(iii) No value should be awarded to any piece of note which is less than half (1/2) in size of the original note".
Err.. so my case is 2/3 or 1/2? Plus my notes did not have the full serial number... Yikes!
So I went to Bank Negara to try and was basically given a piece of paper to glue the mutilated notes (see photo below for sample of the white paper). Then the "expert" will determine how many percent is left.
|Sample of the white paper|
The staff at the counter was sure my case was a total write off but thankfully, perhaps due to the fact that it was during Chinese New Year week, I was given FULL VALUE!
Yippee..! This was good news to the dogs otherwise they might have to fork out RM25 (since I was quite sure that it's more than 1/2) by hook or by crook through food rationing (evil laughing - Hey don't judge me.. RM50 is not money to be eaten by dogs you know).
So as member of this club, now you know about the implications of 2/3 and halves in money changing.