Currency of Malaysia: Malaysian ringgit RM
The Malaysian Ringgit is the currency of Malaysia. The code of Malaysian ringgit is MYR. We use RM as symbol of Malaysian ringgit. The Malaysian Ringgit is divided in 100 sens. MYR is regulated by Central Bank of Malaysia.
Did you know:
- The most popular conversions of Malaysian ringgit are
- the Malaysian ringgit was introduced in 16 Sep 1963 (57 years ago).
- There are 4 coins for the Malaysian ringgit ( 5Sen , 10Sen , 20Sen and 50Sen ),
- the Malaysian ringgit has 6 banknotes ( RM1 , RM5 , RM10 , RM20 , RM50 and RM100 )
More information: currency converter.
The ringgit of Malaysia
«Ringgit» means «lacy» and refers to the pieces of Spanish coins that circulated in the region during Spanish colonization. 1 ringgit is divided into 100 sen.
Tunku Abdul Rahman Putra Al-Haj ibni Almarhum Sultan Abdul Hamid Halim Shah, more commonly known as «Tunku», was the first prime minister, and up until now the most important one, from 1957 to 1970. This is why Malaysia honors him on the front of all banknotes of the country, where he is features in traditional dress.
On the back, Malaysia presents its economic and technological pride: oil rigs on the 50-ringgit note, the Petronas Towers in Kuala Lumpur on the 5-ringgit note, and even its train, its airline, and its commercial boats on the 10-ringgit note. Despite a very deeply-rooted ancestrally traditional culture, Malaysia doesn’t have many ancient or ruined monuments like in Thailand or Indonesia, so they had to create them themselves.