What is the name of Malaysian currency?


Quick Answer

According to the Chinese University of Hong Kong, the unit of currency used in Malaysia is the Malaysian ringgit. Its primary subunit is the sen, with one ringgit being comprised of 100 sen.

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What is the name of Malaysian currency?
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Full Answer

According to the International Organization for Standardization, the alphabetic international code for the ringgit is MYR. Within Malaysia, the currency symbol for the ringgit is RM. Currency amounts are stylized by the use of the RM symbol immediately followed by the amount, such as RM10.25.

The ringgit is issued by the Malaysian central bank, the Bank Negara Malaysia. As per that institution's website, the ringgit circulates in paper denominations of RM1, RM5, RM10, RM20, RM50 and RM100. Prior to 1975, the Malaysian ringgit was known as the Malaysian dollar.

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