![]() ![]() Malaysia adopted the Spanish dollars when it was part of the European colonial powers since the 16th century. The Ringgit can be divided into 100 sens (cents) and the denominations used are the 5, 10, 20, 50 sen for the coins, and RM1, RM5, RM10, RM20, RM50, RM100 for the bank notes. ![]() The symbol RM was then introduced in 1993 by the Malaysian Government to replace the $ or M$ symbol to denote the currency. The symbol of the currency is RM, and the currency code is MYR. Little do people know that the word “ringgit” is an obsolete term for “jagged” in Malay – it was originally used to refer to the serrated edges of silver Spanish dollars (the serrated edges on the Spanish dollars were designed to prevent thieves from shaving off small portions of the precious metal to create new coins). The Malaysian Ringgit, unofficially called the Malaysian Dollar, has come a long way as the Malaysia’s official currency since 1975. Melayu (Malay ) 简体中文 (Chinese (Simplified) ) What Do You Need To Know About Malaysia Ringgit
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