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Malaysian ringgit (
Malay
: ringgit malaysia; malaysian ringgit), yes
Malaysia
the
Legal tender
And some countries
Currency in circulation
,
International organization for Standardization
4217
International standard
The code is MYR,
Currency symbol
Is RM, the official Chinese unit of Malaysia is Ringgit. It consists of
Bank Negara Malaysia
Launch.
On 21 July 2005, it was announced that the Malaysian Ringgit and the Malaysian Ringgit had been abolished seven years earlier
U.S. dollar
A fixed exchange rate regime and a managed floating exchange rate regime (
managed float
Instead, to de-peg the Malaysian ringgit from the US dollar, the Malaysian ringgit will be based on
Basket of currencies
The exchange rate float, i.e., the ringgit can be within the range
Free float
Once there is a violent fluctuation, the Malaysian National Bank can immediately intervene.
- Chinese name
- Malaysian Ringgit
- Foreign name
- ringgit
- alias
- ringgit
- Single position
- ringgit
- Country of circulation
- Malaysia
- Primary symbol
- M. $; Mal. $
- Standard symbol
- MYR
- Fractional currency
- sen
- Currency symbol
- RM
The Malaysian government officially mandated it
Currency name
for
ringgit
. in
Malay
In the original meaning of ringgit is "tooth", as before
Spain
Silver coin in
Southeast Asia
The area was very popular, and the Spanish silver coins had teeth around them, hence the name. The other is that the word ringgit comes from
Southern Fujian
The pronunciation of the word dragon silver.
In the early 20th century, it gradually became
British colony
. On September 16, 1963,
Peninsular Malaysia
The 11 upper states,
Sarawak
,
Sabah
and
Singapore
amalgamation
Malaysia
Federation (Singapore withdrew from Federation on 9 August 1965). At that time, the currency used was controlled by the British."
Money fund
Commission "issued in Malay dollars. June 12, 1967, Malayan dollar
Suspension of issue
And by the newly formed Malaysia
Central bank
Reissue the currency currently in circulation in Malaysia. The year 1967
The International Monetary Fund
Announced the new Malaysian dollar and the old Malayan dollar issued by the Central Bank of Malaysia
equivalent
,
Gold content
0.290299 grams, with
U.S. dollar
Price parity
1 US dollar is equal to 3.06122 M $.
Before August 1975, the international currency was used in the United States.
dollar
) and cent to refer to Malaysia's currency. Until 1990, the Malaysian government decreed that the symbol of the Malaysian currency was "RM", replacing the previous "M$". Malaysian dollar
sen
) is the smallest unit, 100 cents is RM1. By virtue of
Asian financial crisis
On June 30, 1999, Malaysia's monetary reform policy declared RM1,000 and RM500 officially invalid legal tender.
The official Chinese name for the Malaysian currency was zero Ji before 2004, and after 2004,
Malaysian Chinese Language Regulation Council
When it is specified, it is called ringgit to avoid confusion between the "zero" in "zero" and the number zero when written.
June 1972
Pound sterling
After the float, the Malaysian dollar was no longer pegged to the British pound, but to the US dollar. In June 1973, the Central Bank of Malaysia announced its implementation
Managed float
. In August 1975, the Malaysian government officially named the currency "ringgit", and in September of the same year announced the decoupling from the US dollar and the implementation of management
Effective exchange rate
And change to pin"
Basket of currencies
". ringgit
External value
It is denominated in a basket of currencies against Malaysia's major trading partners
Weighted index
Is determined on the basis of.
Bank Negara Malaysia
The first banknotes were issued between 1967 and 1972 in denominations of 1000, 100, 50, 10, 5 and RM1. New notes were issued in 1972 to 1976, and again in 1976 to 1981, with the same denominations as the first. The fourth new notes were issued in 1982-83, with the addition of RM500 and RM20 denominations. The fifth banknote was issued from 1986 to 1989 in denominations of RM1,000, 500, 100, 50, 20, 10, 5 and 1. The banknotes in circulation today come in denominations of RM100, 50, 20, 10, 5 and 1, with another 50, 20, 10 and 5 mints. One ringgit is equal to 100 cents.
|
Face value
|
The right side
|
Reverse side
|
|---|---|---|
|
1 Malaysian Ringgit (Plastic notes)
|
Tengku Abdul Rahman (1895-1960), the first Supreme Head of State of Malaysia and the eighth Supreme Ruler of Sembilan State
|
Malaysian traditional kite
|
|
5 Malaysian Ringgit (Plastic notes)
|
Hornbill (State bird of Sarawak)
|
|
|
10 Malaysian Ringgit
|
King flower
|
|
|
20 Malaysian Ringgit
|
leatherback
|
|
|
50 Malaysian Ringgit
|
Tengku Abdul Rahman and the oil palm tree
|
|
|
100 Malaysian Ringgit
|
Mount Kinabalu and Valley Pinnacles
|
|
Face value
|
The right side
|
Reverse side
|
|---|---|---|
|
1 Malaysian Ringgit
|
|
|
|
2 Malaysian Ringgit
|
|
|
|
5 Malaysian Ringgit (Plastic notes)
|
|
|
|
10 Malaysian Ringgit
|
|
|
|
50 Malaysian Ringgit
|
|
|
|
100 Malaysian Ringgit
|
|
|
|
Face value
|
The right side
|
Reverse side
|
|---|---|---|
|
1 Malaysian Ringgit (Plastic notes)
|
|
|
|
5 Malaysian Ringgit (Plastic notes)
|
|
|
|
10 Malaysian Ringgit
|
|
|
|
20 Malaysian Ringgit
|
|
|
|
50 Malaysian Ringgit
|
|
|
|
100 Malaysian Ringgit
|
|
|
|
Face value
|
Commemorative theme
|
The right side
|
Reverse side
|
|---|---|---|---|
|
50 Malaysian Ringgit
|
Commemorative banknotes for the 16th Commonwealth Games, 1998
|
|
|
|
50 Malaysian Ringgit
|
Malaysia's 50th Anniversary banknotes
|
|
|
|
60 Malaysian Ringgit
|
Malaysia 60th Anniversary banknotes
|
|
|
|
600 Malaysian Ringgit
|
Malaysia 60th Anniversary banknotes
|
|
|
|
Face value
|
The right side
|
Reverse side
|
|---|---|---|
|
Five immortals
|
|
|
|
Ten immortals
|
|
|
|
20 sen
|
|
|
|
50 immortal
|
|
|
1 Malaysian ringgit can be exchanged for $1.6 to $1.8
RMB
, depending on the daily exchange rate. moreover
Bid price
and
Selling rate
There are also price differences. In Malaysia, 100 yuan can be exchanged for 58-61 ringgit.
(Refer to exchange rate as of February 20, 2020)
1 Malaysian Ringgit =1.6796 RMB yuan
1 Malaysian ringgit = US $0.2392
1 Malaysian Ringgit =26.7735 yen
1 Malaysian Ringgit =0.2216 euro
1 Malaysian Ringgit =0.1859 pound sterling
1 Malaysian ringgit =288.0985 won
1 Malaysian Ringgit =0.3607 Australian dollars
1 Malaysian Ringgit =0.317 Canadian dollars
Ringgit is Malaysia
Legal tender
Local banks or international (foreign) banks can be found in all large and small towns in Malaysia. All banks have them
Foreign exchange
Business. These banks are generally located in major urban neighborhoods, shopping malls or at important ports of entry and exit. Foreign currency,
Traveler's check
Drafts, telegraphic transfers, consignments, etc
Banking business
You can do it at any bank. In Malaysia
Kuala Lumpur International Airport
(KLIA), banks, currency exchange offices and
Automated teller machines
Everywhere around.
Moreover, in some countries, such as Indonesia,
Vietnam
,
Thailand
and
The Philippines
Parts of the country also circulate.
Foreigners living in Malaysia can open bank accounts and use the bank's various facilities and convenience services, and they can also open personal accounts
Foreign exchange account
. When foreigners open an account in the bank, they can use various facilities provided by the bank, such as checks, ATM cards, etc.
Automated teller machines
automated teller machine is very convenient to use in Malaysia. ATM withdrawals can be made at any time (24 hours) and there are at least 2000 + ATMs throughout Malaysia. All teller machines have instructions in Malay, English and Chinese, and most banks have services in both Malay and Chinese.
