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Currency used in Malaysia

The Malaysian Ringgit is the currency unit of the Malaysian currency with the code MYR. Ringgit have banknotes worth RM100, RM50, RM20, RM10, RM5, RM1 and 50 sen (cent) coins, as well as 20 sen, 10 sen, and 5 sen coins. The Name “Ringgit” derived from the Spanish silver money which was widely used in ancient times. Since August 1975, the name “Ringgit” was officially accepted as the proper name for the Malaysian currency. Earlier, money was known as dollar in English and ringgit in Malay. However, the “$” symbol continued to be used until it was changed to “RM” in 1993 and continue to be used until today.

Source: Malaysia 2016 (Department of Information)

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