Currency Information on Malaysian Ringgit - MYR— Malaysian Ringgit – RM
Originally, Malaysia used the Malaya and British Borneo Dollar.
But this was replaced by the Malaysian dollar in 1967, due to emergence of new currencies, Malaysian authorities changed the symbol for the Malaysian dollar to the Malaysian Ringgit in 1993.
Coins are available in denominations of 5, 10, 20 and 50 sen. Banknotes are available in denominations of RM1, RM5, RM10, RM20, RM50 and RM100.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
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