Malaysia Currency 💰

Malaysia has its own currency called the Malaysian Ringgit (MYR). The ringgit is a decimal currency, with one ringgit divided into 100 sen. Its symbol is RM, which stands for "Ringgit Malaysia." The design of banknotes and coins reflects Malaysia's rich cultural heritage and natural beauty. For instance, the RM5 note features the Petronas Twin Towers, a global landmark representing modern Malaysia. Coins come in denominations of 5, 10, 20, and 50 sen, while notes range from RM1 to RM100. The ringgit is managed by Bank Negara Malaysia, the country’s central bank, ensuring stability and security. Interestingly, the name "ringgit" means "jagged" in Malay, referring to the serrated edges of Spanish silver dollars once used as currency. Today, the ringgit plays a crucial role in Malaysia's economy, facilitating trade and commerce both domestically and internationally. Whether you're shopping in Kuala Lumpur 🇲🇾 or enjoying local delicacies, understanding the ringgit helps make your experience smoother!