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.
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| Currencies available | Up to 39. We are specialists | Only major currencies. Banks do not pay enough attention to this kind of service. | ||
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| Currency divided in different denominations. | Of course! We care about you and your needs while you travel abroad. | No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes. | ||
| Delivery options | Collect at the airport/branch of your preference. It is all about comfort! | You must visit your bank at least twice: once to order it and another one to collect it, thus having to be on the lookout for its arrival. | ||
| Anything else? | Yes: our Iberia Plus Customers who reserve online earn Avios for their purchases, as when they buy at the airport. | Avi-what? No sir! This is a bank, not an airline company! |