Malaysian Ringgit (MYR)

News: Malaysian Ringgit

• Ethnic Chinese make up 80 percent of Malaysia's top 40 richest: report - Xinhua News Agency (3 February 2012, 1:59 pm)
• VEGOILS-Palm up on short-covering; firm ringgit eyed - Reuters (3 February 2012, 10:10 am)
• Ringgit Strengthens for Fifth Week Before Factory-Output Data - Bloomberg (3 February 2012, 8:51 am)

Reports & Events: Malaysian Ringgit

• Memorandum of Understanding between Bank Negara Malaysia and Bank of Thailand (2 February 2012, 3:40 am)
• Monetary Policy Statement (31 January 2012, 10:00 am)
• Monetary and Financial Developments in December 2011 (31 January 2012, 9:00 am)

Discussions: Malaysian Ringgit

• Is There Long Dollar Liquidation; Where Do We Sell The Yen? - MoneyTec (2 February 2012, 12:06 pm)

Videos: Malaysian Ringgit

About the Malaysian Ringgit

The Malaysian “ringgit” (plural: ringgits) is the official currency used in the country of Malaysia. Its official currency code is “MYR” and it is symbolized by a “RM”. The primary denominations include 5, 10, 50 sen coin; and 1, 5, 10, 50, and 100 ringgit paper bank notes. In Malaysia, decimal numbers are denoted using a point (e.g. 1.50). The ringgit has a managed float exchange rate that is pegged to a basket of currencies and its value is often seen as being dependent on commodity prices (Malaysia’s largest export).

Central Bank: Bank Negara Malaysia