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.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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