What currency is used in Malaysia and was renamed the ringgit in 1975?

The currency used in Malaysia and renamed the ringgit in 1975 is the Malaysian ringgit.

Malaysia’s currency was officially called the Malaysian dollar until 1975, when the name changed to ringgit. “Ringgit” means jagged in Malay and originally referred to the serrated edges of Spanish silver dollars that circulated widely in Southeast Asia. The currency’s name reflects the region’s long history of international trade.

The ringgit is divided into 100 sen and is issued by Bank Negara Malaysia. Its ISO code is MYR, while the common symbol is RM. Malaysian notes feature national imagery, including the portrait of Tuanku Abdul Rahman, Malaysia’s first paramount ruler. The ringgit should not be confused with the Singapore dollar or Brunei dollar, even though all three currencies developed within a closely connected former British monetary region.