The Malaysian ringgit

 

 

 

 

 

 

The Malaysian Ringgit (also known as Malaysian dollar) is the official currency of the Malaysian Federation since June 1967. The Ringgit has the ISO 4217 MYR code and is represented by the RM symbol.

The Malaysian Ringgit is divided into 100 sen. These two names (Ringgit and Sen) were officially adopted in August 1975.

Today, Ringgit coins and bills are issued by the Central Bank of Malaysia (Bank Negara Malaysia).

Banknotes and coins of the Malaysian ringgit in use

Sens coins that you can find in circulation are 5, 10, 20 and 50 sen.

On the other hand, Ringgit bank notes that you can find in circulation have the following denominations: 1, 5, 10, 20, 50 and 100 Ringgit.

Did you know?

  • The word "ringgit" means jagged in Malay and refers to the serrated edges of the Castilian reales that circulated in the area during the sixteenth and seventeenth centuries.
  • The Ringgit shares the denomination with the Singapore dollar and the Brunei dollar, which are also known in Malay as ringgit.
  • Malaysia, Singapore and Brunei, maintained an Agreement on interchangeability until May 8, 1973, when Malaysia left the economic space.

Symbol:

RM

ISO:

MYR

Authority:

Central Bank of Malaysia (Bank Negara Malaysia)