The Malaysian ringgit is the currency of Malaysia with the currency code MYR. The ringgit has banknotes of RM100, RM50, RM20, RM10, RM5, and RM1 and coins of 50 sen, 20 sen, 10 sen, and 5 sen. The use of the one-sen coin was discontinued on 1 April 2008 following the introduction of a mechanism for rounding values ​​to the nearest five sen.

The name "Ringgit" comes from the serrated side of the Spanish silver coin that was widely used in ancient times. Starting in August 1975, the name "Ringgit" was officially accepted as the proper name for the Malaysian currency. Previously, the money was known as the dollar in English and the ringgit in Malay. However, the use of the $ symbol continued until it was changed to RM in 1993 and continues to be used to this day.

Reference: Malaysian Information Department