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Malaysian ringgit information


Malaysian ringgit
Ringgit Malaysia (Malay)
ريڠݢيت مليسيا (Jawi)
Malaysian ringgit third-series coinage and fourth-series banknote designs, announced in 2012 by Central Bank of Malaysia
ISO 4217
CodeMYR (numeric: 458)
Subunit0.01
Unit
PluralThe language(s) of this currency do(es) not have a morphological plural distinction.
SymbolRM
Denominations
Subunit
1100sen
Nickname
 senkupang (110 subunit, notably in Kedah and northern Peninsular Malaysia)
Banknotes
 Freq. usedRM1, RM5, RM10, RM20, RM50, RM100
 Rarely usedRM2 (discontinued, still legal tender); RM60, RM600 (commemorative)
Coins
 Freq. used5, 10, 20, 50 sen
 Rarely used1 sen (discontinued, still legal tender)
Demographics
Official user(s)Malaysian ringgit Malaysia
Unofficial user(s)
List
  • Southeast Asia:
     Malaysian ringgit Cambodia[1]
     Malaysian ringgit Indonesia[2][3]
     Malaysian ringgit Philippines[4][5]
     Malaysian ringgit Thailand[6][7]
     Malaysian ringgit Vietnam[1][8]
    East Asia:
     Malaysian ringgit China[9]
Issuance
Central bankCentral Bank of Malaysia
 Websitewww.bnm.gov.my
MintRoyal Mint of Malaysia
Valuation
Inflation3.38% (2022)
 SourceDepartment of Statistics, Malaysia

The Malaysian ringgit (/ˈrɪŋɡɪt/; plural: ringgit; symbol: RM; currency code: MYR; Malay name: Ringgit Malaysia; formerly the Malaysian dollar) is the currency of Malaysia. It is divided into 100 sen (formerly cents). The ringgit is issued by the Central Bank of Malaysia.

  1. ^ a b Wern Jun, Soo (17 October 2023). "PM Anwar: Close to RM60b worth of transactions with trade partners used ringgit, Vietnam and Cambodia set to follow suit". The Malay Mail. Retrieved 30 November 2023.
  2. ^ "Miris, "Garuda di Dadaku, Ringgit di Kantongku"" [Sadly, "Garuda in My Chest, Ringgit in My Pocket"] (in Indonesian). Kompas.com. 15 March 2014. Retrieved 22 November 2014.
  3. ^ "Alasan warga perbatasan pilih gunakan Ringgit daripada rupiah" [The reason border community choose to use Ringgit than rupiah]. Merdeka.com (in Indonesian). 7 June 2013. Retrieved 30 November 2023.
  4. ^ Gagalac, Ron (5 March 2013). "Food prices up 100% in Tawi-Tawi due to Sabah standoff". ABS-CBN News. Retrieved 22 November 2014.
  5. ^ Glang, Hader (9 March 2013). "UN's call should be heeded to end violence in Sabah, says Hajiri". Zamboanga Today. Archived from the original on 29 November 2014. Retrieved 22 November 2014.
  6. ^ "Relaxation in the carrying of Ringgit Malaysia for border traders". Bank Negara Malaysia. 5 February 1999. Archived from the original on 29 November 2014. Retrieved 22 November 2014.
  7. ^ "Thailand pushes yuan, ringgit use to curb baht volatility". Bloomberg. 8 August 2023. Retrieved 30 November 2023 – via Bangkok Post.
  8. ^ Jamaludin, Muhammad Nizar; Shaarani, Nur Hafizah (30 April 2012). Panduan Memborong di Vietnam [Guide to Wholesale in Vietnam] (in Malay). PTS Professional. p. 156. ISBN 978-967-369-196-8.
  9. ^ "28% of Malaysia's China trade to be in ringgit, to reduce dependency on US$, says Anwar". The Star. 11 October 2023. Retrieved 30 November 2023 – via Asia News Network.

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