Malaysian Ringgit (RM)

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Malaysian Ringgit (RM)
The word 'ringgit' means 'jagged' in Malay.

The Malaysian Ringgit was officially introduced on June 12, 1967, and is the official currency of Malaysia. It is also unofficially used by parts of Indonesia, the Philippines and Thailand. The Malaysian Ringgit replaced the older Malaya and British Borneo Dollar. It is administered by the Bank Negara Malaysia, and is usually abbreviated to ‘MR’ or ‘RM’. The Malaysian Ringgit is also sometimes unofficially called the Malaysian Dollar.

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