The Malaysian ringgit
The Malaysian Ringgit (also known as Malaysian dollar) is the official currency of the Malaysian Federation since June 1967. The Ringgit has the ISO 4217 MYR code and is represented by the RM symbol.
The Malaysian Ringgit is divided into 100 sen. These two names (Ringgit and Sen) were officially adopted in August 1975.
Today, Ringgit coins and bills are issued by the Central Bank of Malaysia (Bank Negara Malaysia).
Sens coins that you can find in circulation are 5, 10, 20 and 50 sen.
On the other hand, Ringgit bank notes that you can find in circulation have the following denominations: 1, 5, 10, 20, 50 and 100 Ringgit.
Central Bank of Malaysia (Bank Negara Malaysia)
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|Variety of currencies||35. We are specialists||Only major currencies. Travel money is just a secondary business for banks.|
|Availability of currencies||Ever ready, immediately, in our branches at the airport.||Banks order currency and have to await delivery.|
|Expenses||Only the exchange rate, without any additional charges, and if you order it online you get the best price.||The bank has its own margin and adds a commission.|
|Different denominations available||Of course! We care about you and your needs while you travel abroad.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|
|Delivery options||Collect at the airport/branch of your preference. It is all about comfort!||You must visit your bank at least twice, and wait meanwhile for your money to arrive.|
|What do I do with my leftover currency when I come home?||We buy it back from you at the airport, just as when you ordered online.||You must return to your bank. They may buy your currency back at a worse rate and then charge you a commission.|
|Anything else?||Yes: our Iberia Plus Customers who reserve online earn Avios for their purchases, as when they buy at the airport.||Avi-what? No sir! This is a bank, not an airline company!|