History of Money in Malaysia :
Colonial Notes & Coins
Currency Issued by the Board of Commissioners of Currency, Malaya and British Borneo (1952-1967)
From 1946 to 1952, notes and coins issued by the Board of Commissioners of Currency Malaya were used. These notes and coins carried the portraits of King George VI. On January 1, 1952, the Board of Commissioners of Currency Malaya and British Borneo came into existence. Notes and coins bearing the portraits of Queen Elizabeth II were issued. The Federation of Malaya became an independent nation on August 31, 1957. New designs, with the fish ‘fishing boat’ for the $1 note and the ‘farmer and the buffalo ploughing a padi field for the $10 note, were issued in 1959 and 1961 respectively. Since then, there were no changes in the designs of these notes. They continued to be legal tender until January 16, 1969. The Board of Commissioners of Currency Malaya and British Borneo was wound up on November 30, 1979.