The currency used in Malaysia is called as the Ringgit. This currency is denoted with the currency sign RM and the ISO 4217 Code for the Malaysian Ringgit is MYR.
The Ringgit, is the official currency of the Malaysia . It is divided into 100 smaller units called sen.
The constitution of Malaysia provides that the Malaysia government shall have the power to print the Malaysian Ringgit and sen coins to be used as a legal tender in Malaysia.
The Malaysian Ringgit bank notes and Sen coins are both designated as "legal tender" in payment of debts.
The Malaysian Ringgit bill uses the decimal system, consisting of 100 equal units.
The symbol RM
, usually written before the numerical amount, is used for the Malaysian Ringgit.
Currently printed bank notes denominations are RM1, RM5, RM10, RM20, RM50, RM100
and the coins are minted in the denominations of 5, 10, 20, 50 sen .