What is the currency used in Malaysia?


Quick Answer

According to the CIA World Factbook, the currency used in Malaysia is called the ringgit. The International Organization for Standardization (ISO) 4217 alphabetic currency code for the Malaysian ringgit is MYR. The currency is designated by the symbol RM.

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Full Answer

A Malaysian ringgit is divided into 100 sen. Both currencies are issued by the Bank Negara Malaysia, according to Wikipedia. As of 2014, Malaysia issues ringgit bills in denominations of RM1, RM5, RM10, RM20, RM50 and RM100. The sen coins are issued in denominations of 5, 10, 20 and 50. The names ringgit and sen were officially adopted for the currency in August 1975.

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