The Malaysian ringgit (; plural: ringgit;
symbol
A symbol is a mark, sign, or word that indicates, signifies, or is understood as representing an idea, object, or relationship. Symbols allow people to go beyond what is known or seen by creating linkages between otherwise very different conc ...
: RM;
currency code
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual cu ...
: MYR;
Malay
Malay may refer to:
Languages
* Malay language or Bahasa Melayu, a major Austronesian language spoken in Indonesia, Malaysia, Brunei and Singapore
** History of the Malay language, the Malay language from the 4th to the 14th century
** Indonesi ...
name: ''Ringgit Malaysia''; formerly the Malaysian dollar) is the
currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins.
A more general def ...
of
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
. It is divided into 100 ''sen'' (formerly ''cents''). The ringgit is issued by the
Central Bank of Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
.
Etymology
![Philip V Coin silver, 8 Reales Mexico](https://upload.wikimedia.org/wikipedia/commons/c/c1/Philip_V_Coin_silver%2C_8_Reales_Mexico.jpg)
The word ''ringgit'' is an obsolete term for "jagged" in the
Malay language
Malay (; ms, Bahasa Melayu, links=no, Jawi alphabet, Jawi: , Rejang script, Rencong: ) is an Austronesian languages, Austronesian language that is an official language of Brunei, Indonesia, Malaysia, and Singapore, and that is also spo ...
. The word was originally used to refer to the serrated edges. The first European coins to circulate widely in the region were Spanish "
pieces of eight
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content ...
" or "cob", their crude appearance resembling stones, hence the word jagged.
The availability and circulation of this Spanish currency were due to the Spanish controlling nearby
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, República de Filipinas
* hil, Republ ...
.
An early printed source, the ''Dictionary of the Malayan Language'' from 1812 had already referred to the ringgit as a unit of money.
In modern usage, ''ringgit'' is used almost solely for the currency. Due to the common heritage of the three modern currencies, the
Singapore dollar
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currenci ...
and the
Brunei dollar
The Brunei dollar ( sign: B$, Malay: ''ringgit Brunei'', currency code: ''BND''), has been the currency of the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from othe ...
are also called ''ringgit'' in Malay (currencies such as the
US and
Australian dollar
The Australian dollar (sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island s ...
s are translated as ''dolar''), although nowadays the Singapore dollar is more commonly called ''dolar'' in Malay. To differentiate between the three currencies, the Malaysian currency is referred to as ''Ringgit Malaysia'', hence the official abbreviation and currency symbol ''RM''. Internationally, the ISO 4217 currency code for Malaysian ringgit is ''MYR''.
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 and called ''pua̍t'' (鏺/鈸) in
Penang Hokkien
Penang Hokkien (; Tâi-lô: ''Pin-siânn Hok-kiàn-uā''; ; ) is a local variant of Hokkien spoken in Penang, Malaysia. It is spoken as a mother tongue by 63.9% of Penang's Chinese community, and also by some Penangite Indians and Penangit ...
which is thought to be derived from the
Thai
Thai or THAI may refer to:
* Of or from Thailand, a country in Southeast Asia
** Thai people, the dominant ethnic group of Thailand
** Thai language, a Tai-Kadai language spoken mainly in and around Thailand
*** Thai script
*** Thai (Unicode block ...
word ''
baht
The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldw ...
''. e.g. 50 ''sen'' is ''lima kupang'' in Malay or 'samah' in Malay Kelantan dialect and ''gōo-pua̍t'' (五鏺/鈸) in Hokkien. The Tamil speaking communities in
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
use ''veḷḷi'' (வெள்ளி) meaning "silver" in
Tamil
Tamil may refer to:
* Tamils, an ethnic group native to India and some other parts of Asia
**Sri Lankan Tamils, Tamil people native to Sri Lanka also called ilankai tamils
**Tamil Malaysians, Tamil people native to Malaysia
* Tamil language, nativ ...
to refer to ''ringgit'', while for ''sen'', the word ''kācu'' (காசு) is used, from which the
English
English usually refers to:
* English language
* English people
English may also refer to:
Peoples, culture, and language
* ''English'', an adjective for something of, from, or related to England
** English national ide ...
word "cash" is derived.
History
Before independence
The
Spanish-American silver dollar brought over by the
Manila galleons
fil, Galyon ng Maynila
, english_name = Manila Galleon
, duration = From 1565 to 1815 (250 years)
, venue = Between Manila and Acapulco
, location = New Spain (Spanish Empire) ...
was the primary currency for international trade, used in Asia and the Americas from the 16th to 19th centuries; it was eventually called the ''ringgit''. The various dollars introduced in the 19th century were itself derived from the
Spanish dollar
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content ...
: the
Straits dollar
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo.
Histor ...
,
Sarawak dollar
The dollar was the currency of the Raj of Sarawak from 1858 to 1953. It was subdivided into 100 ''cents''. The dollar remained at par with the Straits dollar and its successor the Malayan dollar, the currency of Malaya and Singapore, from its ...
and the
British North Borneo dollar. From these dollars were derived their successor currencies the
Malayan dollar
The Malayan dollar ( Malay: ''ringgit'', Jawi: رڠڬيت) was the currency of the British colonies and protectorates in Malaya and Brunei until 1953. It was introduced in 1939, replacing the Straits dollar at par, with 1 dollar = two shillings ...
and the
Malaya and British Borneo dollar
The Malaya and British Borneo dollar ( ms, ringgit; ms, رڠڬيت, label= Jawi, script=arab, italic=unset) was the currency of Malaya, Singapore, Sarawak, North Borneo, Brunei and the Riau archipelago from 1953 to 1967 and was the successo ...
, and eventually the modern-day Malaysian ringgit,
Singapore dollar
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currenci ...
and
Brunei dollar
The Brunei dollar ( sign: B$, Malay: ''ringgit Brunei'', currency code: ''BND''), has been the currency of the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from othe ...
.
After independence (1967–1997)
On 12 June 1967, the Malaysian dollar, issued by the new central bank,
Central Bank of Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
, replaced the
Malaya and British Borneo dollar
The Malaya and British Borneo dollar ( ms, ringgit; ms, رڠڬيت, label= Jawi, script=arab, italic=unset) was the currency of Malaya, Singapore, Sarawak, North Borneo, Brunei and the Riau archipelago from 1953 to 1967 and was the successo ...
at
par. The new currency retained all denominations of its predecessor except the $10,000 denomination, and also brought over the colour schemes of the old dollar. Over the course of the following decades, minor changes were made to the notes and coins issued, from the introduction of the M$1 coin in 1967, to the demonetization of RM500 and RM1,000 notes in 1999.
As the Malaysian dollar replaced the Malaya and British Borneo dollar at par and Malaysia was a participating member of the
sterling area
The sterling area (or sterling bloc, legally scheduled territories) was a group of countries that either pegged their currencies to sterling, or actually used sterling as their own currency.
The area began to appear informally during the ear ...
, the new dollar was originally valued at dollars per 1
British pound sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and t ...
; in turn, £1 = US$2.80 so that US$1 = M$3.06. In November 1967, five months after the introduction of the Malaysian dollar, the pound was devalued by 14.3% from US$2.80 to US$2.40, leading to a collapse in confidence for the sterling area and its demise in 1972. The new currency stayed pegged to the
U.S. dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...
at US$1 = M$3.06, but earlier notes of the Malaya and British Borneo dollar were devalued from US$2.80 to US$2.40 for 8.57 dollars; consequently these notes were reduced in value to 85 cents per dollar.
Despite the emergence of new currencies in Malaysia,
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
and
Brunei
Brunei ( , ), formally Brunei Darussalam ( ms, Negara Brunei Darussalam, Jawi alphabet, Jawi: , ), is a country located on the north coast of the island of Borneo in Southeast Asia. Apart from its South China Sea coast, it is completely sur ...
, the Interchangeability Agreement which the three countries adhered to as original members of the currency union meant the Malaysian dollar was exchangeable at par with the
Singapore dollar
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currenci ...
and
Brunei dollar
The Brunei dollar ( sign: B$, Malay: ''ringgit Brunei'', currency code: ''BND''), has been the currency of the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from othe ...
. This ended on 8 May 1973, when the Malaysian government withdrew from the agreement.
The
Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well ...
and the Brunei Currency and Monetary Board still maintain the interchangeability of their two currencies, as of 2021.
In 1993, the currency symbol "RM" (Ringgit Malaysia) was introduced to replace the use of the dollar sign "$" (or "M$").
Asian financial crisis and US dollar currency peg (1997–2005)
Between 1995 and 1997, the ringgit was trading as a
free float
In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...
currency at around 2.50 to the
US dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
,
but following the onset of the
1997 Asian financial crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1 ...
, the ringgit witnessed major dips to under 3.80 MYR/USD by the end of 1997 as a result of
capital flight
Capital flight, in economics, occurs when assets or money rapidly flow out of a country, due to an event of economic consequence or as the result of a political event such as regime change or economic globalization. Such events could be an increas ...
.
During the first half of 1998, the currency fluctuated between 3.80 and 4.40 MYR/USD,
before the
Central Bank of Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
moved to
peg the ringgit to the US dollar in September 1998, maintaining its 3.80 MYR/USD value while remaining floated against other currencies. In addition, the ringgit was designated
non-tradeable outside of Malaysia in 1998 to stem the flow of money out of the country.
While the printing of RM500 and RM1,000 notes had ceased in 1996 in response to risks of
money laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions ...
and capital flight, the underestimated effects of the financial crisis prompted the central bank to completely discontinue the use of the notes by demonetising the remaining notes in circulation beginning 1 July 1999. The two denominations hereby ceased to be legal tender and were only exchangeable directly at the central bank; at the time of the demonetization, RM500 and RM1,000 notes were each worth approximately US$130 and US$260 respectably, based on the 3.80 MYR/USD peg rate. Despite these measures, some 7.6% of RM500 notes and 0.6% of RM1,000 notes remain in circulation as of 30 January 2011. During a 2011 parliamentary session, then
Deputy Finance Minister Donald Lim Siang Chai asserted that a total of 150,599 and 26,018 pieces of RM500 and RM1,000 notes (RM75,299,500 worth of RM500 notes and RM26,018,000.00 worth of RM1,000 notes) have yet to be withdrawn through the central bank.
[ ]
The ringgit lost 50% of its value against the US dollar between 1997 and 1998, and suffered general
depreciation
In accountancy, depreciation is a term that refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wear, and second, the a ...
against other currencies between December 2001 and January 2005. As of 4 September 2008, the ringgit had yet to regain its value circa 2001 against the
Singapore dollar
The Singapore dollar (sign: S$; code: SGD) is the official currency of the Republic of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currenci ...
(2.07 to 2.40 MYR/SGD),
the
euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
(3.40 to 4.97 MYR/EUR),
the
Australian dollar
The Australian dollar (sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island s ...
(1.98 to 2.80 MYR/AUD
), and the
British pound
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and t ...
(5.42 to 6.10 MYR/GBP
).
On 21 July 2005, Central Bank of Malaysia announced the end of the peg to the US dollar immediately after
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
's announcement of the end of the
renminbi
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...
peg to the US dollar.
[ ] According to Bank Negara, Malaysia allows the ringgit to operate in a managed
float
Float may refer to:
Arts and entertainment Music Albums
* ''Float'' (Aesop Rock album), 2000
* ''Float'' (Flogging Molly album), 2008
* ''Float'' (Styles P album), 2013
Songs
* "Float" (Tim and the Glory Boys song), 2022
* "Float", by Bush ...
against several major currencies. This has resulted in the value of the ringgit rising closer to its perceived market value, although Central Bank of Malaysia has intervened in financial markets to maintain stability in the trading level of the ringgit, a task made easier by the fact that the ringgit was pegged and has remained non-tradeable outside Malaysia since 1998.
Post-US dollar currency peg performance (2005–present)
Following the end of the currency peg, the ringgit
appreciated to as high as 3.16 MYR/USD in April 2008. The ringgit had also enjoyed a period of appreciation against the
Hong Kong dollar
The Hong Kong dollar (, currency symbol, sign: HK$; ISO 4217, code: HKD) is the official currency of the Hong Kong, Hong Kong Special Administrative Region. It is subdivided into 100 cent (currency), cents or 1000 Mill (currency), mils. The H ...
(from 0.49 to 0.44 MYR/HKD)
and the
renminbi
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...
(0.46 to 0.45 MYR/CNY)
as recently as May 2008. The initial stability of the ringgit in the late-2000s had led to considerations to reintroduce the currency to foreign trading after over a decade of being
non-internationalised. In a CNBC interview in September 2010,
Najib Tun Razak
Dato' Sri Haji Mohammad Najib bin Tun Haji Abdul Razak ( ms, محمد نجيب بن عبد الرزاق, label= Jawi, script=arab, italic=unset, ; born 23 July 1953) is a Malaysian politician who served as the 6th prime minister of Malaysi ...
, the then Prime Minister and Finance Minister of Malaysia, was quoted in stating that the government was planning the reentry of the ringgit into off-shore trading if the move will help the economy, with the condition that rules and regulations were put in place to prevent abuses. Despite considerations, the ringgit has continued to remain non-internationalised in a deliberate move to continue discouraging off-shore trading of the currency.
Political uncertainty following
the country's 2008 general election and the
2008 Permatang Pauh by-election, falling
crude oil prices
The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Refe ...
in the late-2000s, and the lack of intervention by the Central Bank of Malaysia to increase already low
interest rates
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited, or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, th ...
(which remained at 3.5% between April 2006 and November 2008)
led to a slight fall of the ringgit's value against the US dollar between May and July 2008, followed by a sharper drop between August and September of the same year. As a result, the US dollar appreciated significantly to close at 3.43 MYR/USD as of 4 September 2008,
while other major currencies, including the renminbi and Hong Kong dollar, followed suit. The ringgit spiked at 3.73 MYR/USD by March 2009, before gradually recovering to 3.00 MYR/USD by mid-2011 and normalising at around 3.10 MYR/USD between 2011 and 2014.
The ringgit experienced more acute plunges in the value since mid-2014 following the escalation of the
1Malaysia Development Berhad scandal
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, describes a corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was ...
that raised allegations of political channeling of billions of ringgit to off-shore accounts, and uncertainty from the
2015–16 Chinese stock market turbulence and the effects of the
2016 United States presidential election
The 2016 United States presidential election was the 58th quadrennial presidential election, held on Tuesday, November 8, 2016. The Republican ticket of businessman Donald Trump and Indiana governor Mike Pence defeated the Democratic ticket ...
results. The currency's value fell from an average of 3.20 MYR/USD in mid-2014 to around 3.70 MYR/USD by early 2015; with China being Malaysia's largest trading partner, a Chinese stock market crash in June 2015 triggered another plunge in value for the ringgit, which reached levels unseen since 1998 at lows of 4.43 MYR/USD in September 2015, before stabilising around 4.10 to 4.20 to the US dollar soon after; the currency later plummeted and hover below the 1998 lows at 4.40 and 4.50 MYR/USD, following the wake of the victory of pro-
protectionist
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. ...
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
Trump graduated from the Wharton School of the University of Pe ...
in the 2016 United States presidential election, which has raised questions of the United States' participation in the
Trans-Pacific Partnership
The Trans-Pacific Partnership (TPP), or Trans-Pacific Partnership Agreement, was a highly contested proposed trade agreement between 12 Pacific Rim economies, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singa ...
(TPP) (which Malaysia is a signatory of, and the United States had promptly pulled out from in January 2017) and
Malaysia–United States trade as a whole (as the United States is among Malaysia's largest trading partners).
In response to the sharp drop of the ringgit in November 2016, Central Bank of Malaysia began a series of tougher crackdowns on under-the-counter
non-deliverable forward
In finance, a non-deliverable forward (NDF) is an outright forward or futures contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It is ...
trading of the ringgit in order to curb currency speculation.
Since then, the currency has seen a steady but consistent rate of appreciation against the US dollar, with significant increases since early-November 2017 following reports of positive economic performance, the restructuring of the TPP into the
and increasing global oil prices. After appreciating as high as 3.86 to the US dollar as of early April 2018, the value dropped to around 4.18 MYR/USD by the end of October 2018 following increasing trade war tensions in response to the
China–United States trade war
The China–United States trade war () is an ongoing economic conflict between the People's Republic of China and the United States of America. In January 2018, U.S. President Donald Trump began setting tariffs and other trade barriers on Chin ...
, selloff panic from other emerging markets, as well as uncertainty in economic policy following an
upset by the
Pakatan Harapan
The Alliance of Hope ( ms, Pakatan Harapan; abbrev: PH; stylized as HARAPAN) is a Malaysian political coalition consisting of centre-left political parties which was formed in 2015 to succeed the Pakatan Rakyat coalition. It has been the r ...
coalition in the
2018 general election. With the exception of the Euro, the currency's has also seen some recovery of value to pre-late 2016 levels against other major currencies, including the renminbi, British pound, Australian dollar, Japanese yen and Singaporean dollar, but remains less valuable overall than before the end of 2013.
Historical exchange rates
Coinage
First series (1967)
The first series of sen coins were introduced in 1967 in
denominations of 1, 5, 10, 20 and 50 sen, followed by the introduction of the 1 ringgit coin (which used the $ symbol and is the largest coin in the series) in 1971. While varied by diameters, virtually all the coins were minted in near-consistent obverse and reverse designs and were very generic, with the obverse depicting the then recently completed
Malaysian Houses of Parliament
The Malaysian Houses of Parliament ( Malay: ''Bangunan Parlimen Malaysia''), is a building complex where the Malaysian Parliament assembles. The structure is located at the Lake Gardens in Kuala Lumpur, close to the Malaysian National Monument.
...
and the federal star and crescent moon from the
canton of the
Malaysian flag. All coins were minted from
cupronickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimu ...
, the only exception being the 1 sen coin, which was first composed from
bronze
Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminium, manganese, nickel, or zinc) and sometimes non-metals, such as phosphorus, or metalloids such ...
between 1967 and 1972, then in
steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...
clad with
copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
from 1973 onwards. The 50 sen coin is the only one in the series to undergo a redesign, a minor 1971 modification on its edge to include "''
Bank Negara Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
''" letterings. All coins have the initials GC on the reverse, below the Parliament House. It stands for Geoffrey Colley, Malaysia first coin series' designer. The 1 ringgit coin was never popular at the time due to being in conflict with a banknote of equal face value, similar to the current situation regarding the
1 dollar coin of the
United States dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...
.
The coins of this first series were identical in size and composition to those of the former
Malaya and British Borneo dollar
The Malaya and British Borneo dollar ( ms, ringgit; ms, رڠڬيت, label= Jawi, script=arab, italic=unset) was the currency of Malaya, Singapore, Sarawak, North Borneo, Brunei and the Riau archipelago from 1953 to 1967 and was the successo ...
. Though the Malayan currency union coins were withdrawn, they still appear in circulation on very rare occasions.
Minting of the first sen series ended in 1989, when the second series was introduced. The older coins remain
legal tender
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in pa ...
as of 2019, but have steadily declined in number and are seldom seen in circulation in Malaysia.
Second series (1989)
The second series of sen coins entered circulation in late 1989, sporting completely redesigned observes and reverses, but predominantly retaining the design of edges, diameters and composition of the previous series' coins previous to 1989, the 1 ringgit coin being the exception. Changes include the depiction of items of
Malay
Malay may refer to:
Languages
* Malay language or Bahasa Melayu, a major Austronesian language spoken in Indonesia, Malaysia, Brunei and Singapore
** History of the Malay language, the Malay language from the 4th to the 14th century
** Indonesi ...
culture on the obverse, such as a local
mancala
The mancala games are a family of two-player turn-based strategy board games played with small stones, beans, or seeds and rows of holes or pits in the earth, a board or other playing surface. The objective is usually to capture all or some ...
game board called
congkak
Southeast Asian mancalas are a subtype of mancala games predominantly found in Southeast Asia. They are known as congklak ( VOS Spelling: tjongklak), congkak, congka, and dakon in Indonesia, congkak in Malaysia and Brunei, and sungkâ in the P ...
on the 10 sen and the
wau bulan
''Wau bulan'' (Kelantanese: ''Wa bule''; Jawi: واو بولن; lit. 'moon kite') is an intricately designed Malaysian kite (normally with floral motifs) that is traditionally flown in the Malaysian state of Kelantan. It is one of Malaysia's nati ...
or "moon kite" on the 50 sen among other things, as well as the inclusion of a
Hibiscus rosa-sinensis
''Hibiscus rosa-sinensis'', known colloquially as Chinese hibiscus, China rose, Hawaiian hibiscus, rose mallow and shoeblack plant, is a species of tropical hibiscus, a flowering plant in the Hibisceae Tribe (biology), tribe of the family (biol ...
(Malay: ''Bunga Raya''), the
national flower
In a number of countries, plants have been chosen as symbols to represent specific geographic areas. Some countries have a country-wide floral emblem; others in addition have symbols representing subdivisions. Different processes have been used to ...
of Malaysia, on the upper half of the reverse. The second series was designed by Low Yee Kheng.
In addition to changes on its observe and reverse, the size of the 1 ringgit coin was also reduced from a diameter of 33 mm to 24 mm, and was minted from an
alloy
An alloy is a mixture of chemical elements of which at least one is a metal. Unlike chemical compounds with metallic bases, an alloy will retain all the properties of a metal in the resulting material, such as electrical conductivity, ductility, ...
of copper,
zinc
Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodi ...
and
tin
Tin is a chemical element with the symbol Sn (from la, stannum) and atomic number 50. Tin is a silvery-coloured metal.
Tin is soft enough to be cut with little force and a bar of tin can be bent by hand with little effort. When bent, t ...
, as opposed to the first series' cupronickel. The $ symbol was brought over to the new coin, but was dropped in favour of "RINGGIT" for coins minted from 1993 onwards. On 7 December 2005, the 1 ringgit coin was
demonetised
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in pa ...
and withdrawn from circulation. This was partly due to problems with standardisation (two different versions of the second series coin were minted) and
forgery
Forgery is a white-collar crime that generally refers to the false making or material alteration of a legal instrument with the specific intent to defraud anyone (other than themself). Tampering with a certain legal instrument may be forbidd ...
.
As of 1 April 2008, a rounding mechanism of prices to the nearest 5 sen, applied to the total bill only, is in force, which was first announced in 2007 by Central Bank of Malaysia, in an attempt to render the 1 sen coin irrelevant. Individual items and services can still be priced in multiples of 1 sen with the final totalled rounded to the nearest 5 sen. For example, purchasing two items priced RM4.88 and RM3.14, totalling RM8.02, would then be rounded to RM8.00. If each item had been individually rounded (to RM4.90 and RM3.15 respectively) the incorrect total would have been RM8.05. In practice, individual items will probably remain priced at so-called "
price points
A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for goods or services. In some situations, the price of production has a different name. If the product is a "good" in the ...
" (or
psychological pricing and
odd-number pricing) ending in 98 and 99 to maximise rounding gains for the vendor, especially in the case of single item purchases. Existing 1 sen coins in circulation remain legal tender for payments up to RM2.00.
Third series (2012)
The third series of coins were announced on 25 July 2011, first being issued as commemorative coins to mark their release on 16 January 2012. The third series carry a theme named "Distinctively Malaysia" and are inspired from motifs of flora and fauna drawn from various cultures in Malaysia to "reflect the diversity and richness of Malaysia's national identity". The denominations issued are 5, 10, 20 and 50 sen. On 24 October 2011, Deputy Finance Minister Datuk Donald Lim named Poogsan Corporation of
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
as the series' coin suppliers and the coins are minted at the Bank Negara Mint in
Shah Alam
Shah Alam () is a city and the state capital of Selangor, Malaysia and situated within the Petaling District and a small portion of the neighbouring Klang District. Shah Alam replaced Kuala Lumpur as the capital city of the state of Selangor in ...
.
According to Lim, costs in producing the coins will be reduced by 49% due to the change in metal composition. Other changes in the series include the diameter, the colour on the 20- and 50 sen coins (from silver to yellow) and a redesign on the obverse (featuring different motifs for each denomination), fourteen dots symbolising the thirteen states and the collective Federal Territories, and five horizontal lines indicating the five principles of
Rukunegara
The ''Rukun Negara'' (also spelled ''Rukunegara''; Malay for "National Principles") is the Malaysian declaration of national philosophy instituted by royal proclamation on Merdeka Day, 1970, in reaction to a serious race riot known as the 13 ...
.
The 50-cent coin is more distinctive than the other denominations. The round shape of the coin has nine indentations, forgoing the original "BANK NEGARA MALAYSIA" lettering. The obverse does not feature the five horizontal lines, but instead a latent image security feature is placed over the coin, where lettering of the denomination "50" and "SEN" can be seen when the coin is tilted slightly.
The 20 sen and 50 sen coins look similar to
€0.10 and
€0.20 coin in size, edge design and colour, however they are only worth at €0.047 and €0.12 respectively.
Kijang Emas
Three denominations of
gold bullion coins
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...
, the "Kijang Emas" (the kijang, a species of
deer
Deer or true deer are hoofed ruminant mammals forming the family Cervidae. The two main groups of deer are the Cervinae, including the muntjac, the elk (wapiti), the red deer, and the fallow deer; and the Capreolinae, including the reindeer ...
, being part of Central Bank of Malaysia's logo) are also issued, at the face value of RM 50, RM 100 and RM 200, weighing oz, oz and 1 oz (Troy ounce), respectively. It is minted by the Kilang Wang Central Bank of Malaysia and was launched on 17 July 2001 by Central Bank of Malaysia, making Malaysia the twelfth country to issue its own gold bullion coins. Like other bullion coins issued around the world, the Kijang Emas is primarily used as an investment rather than in day-to-day circulation. The purchase and resale price of Kijang Emas is determined by the prevailing international gold market price. Current price of the Kijang Emas is rated at RM 8266 for 1oz, RM 4211 for oz and RM 2144 for oz (November 17, 2020).
Banknotes
First series (1967)
Central Bank of Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
first issued Malaysian dollar banknotes on 6 June 1967 in $1, $5, $10, $50 and $100 denominations. The $1000 denomination was first issued on 2 September 1968. The first Malaysian banknotes carried the image of
Tuanku Abdul Rahman
Tuanku Sir Abdul Rahman ibni Almarhum Tuanku Muhammad ( Jawi: ; 24 August 1895 – 1 April 1960) was the first Paramount Ruler or Yang di-Pertuan Agong of the Federation of Malaya, eighth Yang di-Pertuan Besar of Seri Menanti and second Yang d ...
, the first
Yang di-Pertuan Agong
The Yang di-Pertuan Agong (, Jawi: ), also known as the Supreme Head of the Federation, the Paramount Ruler or simply as the Agong, and unofficially as the King of Malaysia, is the constitutional monarch and head of state of Malaysia. The of ...
of independent Malaya and bore the signature of Tun Ismail bin Mohamed Ali, the first Malaysian Governor of Central Bank of Malaysia. On 16 August 1972, Central Bank of Malaysia adopted official new spelling system of the national language, Bahasa Malaysia, into the printing of its currency notes while retaining the designs. The banknotes with new spellings are circulated alongside the old banknotes.
Second series (1982)
The second series was issued with Malaysian traditional ornamental designs, with the introduction of two new denomination, the $20 and $500 in 1982; later followed by $10, $50 and $100 in 1983, finally the $1, $5 & $1000 completed this series in 1984. Until 2010 the second series notes was still occasionally encountered.
The mark for the blind on the upper left hand corner was removed on the second revision in 1986.
Due to its unpopularity, the $20 (RM20) denominations were discontinued and gradually removed from circulation in 1995.
In 1999 the RM500 and RM1000 notes were discontinued and ceased to be legal tender. This was due because of the Asian monetary crisis of 1997 when huge amounts of ringgit were taken out of the country to be traded in these notes. In effect the notes were withdrawn out of circulation and the amount of ringgit taken out of the country in banknotes was limited to RM1000.
In 1993, $1 notes were discontinued and replaced by the $1 coin.
Third series (1996)
The third series was issued with designs in the spirit of
Wawasan 2020
''Wawasan 2020'' or Vision 2020 is a Malaysian ideal introduced by the fourth and seventh Prime Minister of Malaysia, Mahathir Mohamad during the tabling of the Sixth Malaysia Plan in 1991. The vision calls for the nation to achieve a self-suff ...
in 1996 in denominations of RM1, RM2, RM5, RM10, RM50 and RM100. The larger denomination RM50 and RM100 notes had an additional hologram strip to deter
counterfeit
To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value tha ...
ers.
In 2004, Central Bank of Malaysia issued a new RM10 note with additional security features including the holographic strip previously only seen on the RM50 and RM100 notes. A new RM5
polymer banknote
Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknote ...
with a distinctive transparent window was also issued. Both new banknotes are almost identical to their original third series designs. At one time, Central Bank of Malaysia announced its intention to eventually phase out all paper notes and replace them with polymer notes.
Fourth series (2012)
In early 2008, the Bank released a newly designed RM50 banknote, which according to the Bank, were to enter general circulation beginning 30 January 2008. Earlier, 20,000 more such notes with special packaging were distributed by the bank on 26 December 2007.
The newly designed RM50 banknote retains the predominant colour of green-blue, but is designed in a new theme, dubbed the "National Mission", expressing the notion of Malaysia "
oving Oving may refer to:
*Oving, Buckinghamshire
*Oving, West Sussex
Oving is a small village, and civil and ecclesiastical parish in the Chichester District of West Sussex, England. The village lies about east of the city of Chichester. The civil p ...
the economy up the value chain", in accordance to
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
's economic transformation to higher value-added activities in
agriculture
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to ...
,
manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...
and
services
Service may refer to:
Activities
* Administrative service, a required part of the workload of university faculty
* Civil service, the body of employees of a government
* Community service, volunteer service for the benefit of a community or a p ...
sectors of the
economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...
. The dominant intaglio portrait of the first
Yang di-Pertuan Agong
The Yang di-Pertuan Agong (, Jawi: ), also known as the Supreme Head of the Federation, the Paramount Ruler or simply as the Agong, and unofficially as the King of Malaysia, is the constitutional monarch and head of state of Malaysia. The of ...
,
Tuanku Abdul Rahman
Tuanku Sir Abdul Rahman ibni Almarhum Tuanku Muhammad ( Jawi: ; 24 August 1895 – 1 April 1960) was the first Paramount Ruler or Yang di-Pertuan Agong of the Federation of Malaya, eighth Yang di-Pertuan Besar of Seri Menanti and second Yang d ...
, is retained on the right and the national flower, the
hibiscus
''Hibiscus'' is a genus of flowering plants in the mallow family, Malvaceae. The genus is quite large, comprising several hundred species that are native to warm temperate, subtropical and tropical regions throughout the world. Member species ...
, is presented in the center on the obverse of the note. Design patterns from
songket weaving, which are in the background and edges of the banknote, are featured to reflect the traditional Malay textile handicraft and embroidery.
The first 50 million pieces of the new RM50 banknote features
Malaysia's first Prime Minister,
Tunku Abdul Rahman
Tunku Abdul Rahman Putra Al-Haj ibni Almarhum Sultan Abdul Hamid Halim Shah ( ms, تونكو عبد الرحمن ڤوترا الحاج ابن سلطان عبد الحميد حليم شاه, label= Jawi, script=arab, italic=unset; 8 Febru ...
, at the
historic declaration of Malaya's independence, and the logo of the 50th Anniversary of Independence on the reverse.
Security features on the banknote include a watermarked portrait of the Yang di-Pertuan Agong, a security thread, micro letterings, fluorescent elements visible only under
ultraviolet light
Ultraviolet (UV) is a form of electromagnetic radiation with wavelength from 10 nm (with a corresponding frequency around 30 PHz) to 400 nm (750 THz), shorter than that of visible light, but longer than X-rays. UV radiation i ...
, a multi coloured latent image which changes colour when viewed at different angles, and a holographic stripe at the side of the note and an image that is visible only via a
moiré effect to prevent counterfeiting using photocopiers.
Circulation for the first edition of this new RM50 banknote was eventually curtailed by the Central Bank due to the various Malaysia banks' automatic teller machines inability to accept it. The bank began to re-release the new series for general circulation beginning 15 July 2009 without the 50th Anniversary logo. This edition include new enhanced security features such as two color number fluorescents and security fibres.
In May 2011, Central Bank of Malaysia had announced that they will introduce a new series of banknotes to replace the current design that has been in circulation for around 15 years. The most highlighted part of the announcement is the re-introduction of the RM20 note, which was not included in the third series. The design of the new notes was announced on 21 December 2011, and the notes are expected to be put into circulation in the second half of 2012. The new series banknotes are legal tender and will co-circulate with the existing series. The existing series will be gradually phased out. All 4 series of banknotes (except 500, and 1000) are technically still legal tender, but some vendors may not accept the first and second series banknotes (rarely seen now). All banknote denominations in the new series will retain the portrait of the first Yang di-Pertuan Agong, Tuanku Abdul Rahman. The banknotes are supplied by Crane AB of
Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...
, Giesecke & Devrient GmbH of
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
, Oberthur Technologies of
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
and Orell Fussli of
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
.
They were put into circulation on 16 July 2012.
Commemorative banknotes
1998 Commonwealth Games
To commemorate the
1998 Commonwealth Games
The 1998 Commonwealth Games ''(Malay: Sukan Komanwel 1998)'', officially known as the XVI Commonwealth Games ''(Malay: Sukan Komanwel ke-16)'', was a multi-sport event held in Kuala Lumpur, Malaysia. This edition is marked by several unprecedent ...
in
Kuala Lumpur
, anthem = '' Maju dan Sejahtera''
, image_map =
, map_caption =
, pushpin_map = Malaysia#Southeast Asia#Asia
, pushpin_map_caption =
, coordinates =
, su ...
, a commemorative RM50
polymer banknote
Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknote ...
was issued on 1 June 1998. This was the first polymer banknote to be issued by Central Bank of Malaysia and was printed by
Note Printing Australia
Note Printing Australia (NPA) is a wholly owned subsidiary of the Reserve Bank of Australia (RBA) that produces banknotes and passports. It was corporatised in July 1998 and is located in Craigieburn, Melbourne. NPA has its origins as a subsidiar ...
(NPA). A total of 500,000 sets were issued. They were sold in special packaging and at a premium price of 80 ringgit. This note is hardly ever seen in normal usage, its use being a collector's commemorative.
50th Anniversary of Independence
On 21 December 2007, Central Bank of Malaysia issued a commemorative 50 ringgit banknote to commemorate Malaysia's 50th Anniversary of Independence. The design was that of the 50 ringgit banknote of the fourth series, except with the additional logo of the 50th Anniversary of Independence at the top right of the reverse side, and the inscription "1957-2007" also on the reverse side of the banknote. The regular 50 ringgit notes which were issued later from 2009 onward did not carry these additional design features
A total of 50 million banknotes which bore the commemorative design, with serial number letter prefixes from AA to AE, were issued. Subsequent regular banknotes had serial number prefixes from AF onward. Of the 50 million commemorative banknotes, the first 20,000 were sold with a special packaging at a premium price of 60 ringgit.
60th Anniversary of the Signing of the Federation of Malaya Independence Agreement
On 14 December,
Central Bank of Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
announced the issue of two paper-polymer hybrid commemorative banknotes in conjunction with the sixtieth anniversary of the Signing of the Federation of Malaya Independence Agreement. The banknotes were in the denominations of 60 ringgit and 600 ringgit. The 60 ringgit note was also made available in a 3-in-1 format.
The 600 ringgit note is the largest legal tender banknote in terms of size to be issued in the world, measuring 370mm by 220mm.
The notes were released for sale online on 29 December 2017 at a premium, with the 60 ringgit note sold at 120 ringgit, the 3-in-1 60 ringgit note at 500 ringgit and the 600 ringgit note at 1,700 ringgit. The print run for the 60 ringgit note was 60,000 while that for both the 3-in-1 60 ringgit and 600 ringgit note were at 6,000.
Summary of commemorative banknotes
See also
*
Economy of Malaysia
The economy of Malaysia is the third largest in Southeast Asia and the List of countries by GDP (nominal), 34th largest in the world in terms of GDP. The 2018 labour productivity of Malaysia was measured at Int$55,360 per worker, the third high ...
References
External links
Current Banknote Series– page listing current banknotes on the
Central Bank of Malaysia
The Central Bank of Malaysia (BNM; ms, Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya (''Bank Negara Tanah Melayu''), its main purpose is to issue currency, act as banker and ad ...
website
Historical banknotes of Malaysia
{{Portal bar, Asia, Economics, Malaysia, Money, Numismatics
Circulating currencies
Currencies of Asia
Currencies of the Commonwealth of Nations
Currencies of Malaysia
Dollar
Currencies introduced in 1967
Currency symbols