MONEY & BANKS IN MALAYSIA

MONEY Malaysia’s currency is the ringgit (pronounced ring-git and abbreviated to “RM”), divided into 100 sen. Notes come in RM1, RM5, RM10, RM20, RM50 and RM100 denominations. Coins are currently minted in 5 sen, 10 sen, 20 sen and 50 sen denominations, with 1 sen coins still in circulation. You sometimes hear the word “dollar” used informally to refer […]

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