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currency.co.peperonity.net

Malaysia Currency

ISO 4217 code
MYR
Central bank
Bank Negara Malaysia
 Website
www.bnm.gov.my
User(s)
Malaysia
Inflation
1.4% [1]
 Source
Department of
Statistics, Malaysia,
Aug 2012
Subunit
 1/100
sen
Symbol
RM ($ also used)
Coins
5, 10, 20, 50 sen
Banknotes
RM1, RM5, RM10,
RM20, RM50, RM100
The Malaysian ringgit
(plural: ringgit; currency
code MYR; formerly the
Malaysian dollar) is
the currency of
Malaysia. It is divided
into 100 sen (cents).
The ringgit is issued by
the Bank Negara
Malaysia.
Etymology
The word ringgit means
"jagged" in Malay and
was originally used to
refer to the serrated
edges of silver Spanish
dollars which circulated
widely in the area during
the 16th and 17th
century Portuguese
colonial era. The
Singapore dollar and the
Brunei dollar are also
called ringgit in Malay
(although currencies
such as the U.S. and
Australian dollars are
dolar), hence its official
abbreviation RM for
Ringgit Malaysia.
The Malay names
ringgit and sen were
officially adopted as the
sole official names in
August 1975. Previously
they had been known
officially as dollars and
cents in English and
ringgit and sen in Malay,
and in some parts of
the country this usage
continues. In the
northern states of
Peninsular Malaysia,
denominations of 10
sen are called kupang in
Malay ("poat8" in
Hokkien), e.g. 50 sen is 5
kupang ("5 poat8" in
Hokkien).


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