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Currency Information
| Currency: | Malaysian Ringgit |
| Currency code: | MYR |
| Currency symbol: | RM |
| Bank notes: | RM 1, RM 5, RM 10, RM 20, RM 50, RM 100 |
| Coins: | 5 sen, 10 sen, 20 sen, 50 sen |
Daily Cost
|
Three-course meal for 2, mid-range restaurant | 60 Ringgit |
|
Tourist t-shirt | 30 Ringgit |
|
Bottle of water | 1.3 Ringgit |
The official currency of Malaysia is the ringgit and is abbreviated to the currency code RM or MYR. Each ringgit is divided into 100 sen and is issued by the Bank Negara Malaysia.Translated from Malay, ringgit is the - now obsolete - term for ‘jagged’; named as such due to the serrated edges of silver Spanish dollar coins used during the Portuguese colonial era. The ringgit was introduced in 1993 to replace the Malaysian dollar, which was used from 1967. The most commonly used bills for Malaysian ringgit are the 1, 5, 10, 20, 50 and 100 notes.