RM (ringgit malaysia) is the currency unit of Malaysia. Currency exchange: 1 Malaysian Ringgit = 1,6368 RMB 1 RMB ≈ 0,6109 Malaysian Ringgit.
1. The currency used in Malaysia is the Malaysian Ringgit. The Malaysian ringgit is the legal currency of Malaysia and the currency in circulation in some countries. The international standard code of the International Organization for Standardization 4217 is MYR, and the currency symbol is RM. It is issued by Bank Negara Malaysia. You can find local banks or international (foreign) banks in various towns and cities in Malaysia.
2. All banks have foreign exchange services. These banks are generally located in the city's main streets, shopping malls or important entry and exit ports. All banking services such as foreign currency, traveler's checks, money orders, wire transfers, and entrusted commitments can be handled at any bank. At Kuala Lumpur International Airport (KLIA) in Malaysia, banks, currency exchange offices and ATMs are everywhere. In addition, it is also circulated in parts of some countries such as Indonesia, Vietnam, Thailand and the Philippines.
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1. RM is the currency unit of Malaysia. It is the legal currency of Malaysia and the currency in circulation in some countries. It is issued by the Bank Negara Malaysia. The denominations of banknotes in circulation are 100, 50, 10, 5, and 1 ringgit, as well as 50, 20, 10, 5, and 1 cent coins. 1 ringgit is equal to 100 points. Before August 1975, Malaysia's currency was referred to internationally as dollar and cent. Until 1990, the Malaysian government stipulated that the symbol of Malaysian currency was "RM", replacing the previous "M$".
2. The Malaysian government officially stipulates that the name of its currency is ringgit. The original meaning of ringgit in Malay is "teeth". Because Spanish silver coins were very popular in Southeast Asia in the past, and the Spanish silver coins had tooth shapes around them, they got this name. Another theory is that the word "ringgit" comes from the pronunciation of the word Longyin in Hokkien. At the beginning of the 20th century, it gradually became a British colony. On September 16, 1963, 11 states in Peninsular Malaysia, Sarawak, Sabah and Singapore merged to form the Federation of Malaysia (Singapore withdrew from the federation on August 9, 1965). At that time, the currency used was the Malayan dollar issued by the British-controlled Monetary Fund Board. On June 12, 1967, the Malayan dollar was discontinued and the currency currently in circulation in Malaysia was re-issued by the newly established Bank Negara Malaysia. In 1967, the International Monetary Fund announced that the new currency Malaysian dollar issued by the Central Bank of Malaysia was equivalent to the old Malayan dollar, with a gold content of 0.290299 grams, and the price compared with the US dollar was 1 US dollar equal to 3.06122 Malaysian dollars.