The official unit of currency in Malaysia is the ringgit
as defined by the Central Bank of Malaysia Act 2009 (Act 701) (Malay: Akta Bank Negara Malaysia 2009 (Akta 701)
). It is divided into one hundred (100) sen
The abbreviated form of the ringgit shall be RM
(symbol) or MYR
is the Malaysian ISO 4217 currency code, thus MYR is widely use internationally such as on airline tickets and exchange rates posted in banks. Whereas, locally, it is normally abbreviated as RM
and written before the numerical amount.
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