Ringgit

Ringgit (Malay for "jagged") mostly refers to the Malaysian ringgit, which is the local currency in Malaysia, but it can also refer to the Brunei dollar or Singapore dollar in the Malay language. The word ringgit was originally used to refer to the serrated edges of Spanish silver dollars widely circulated in the area before the introduction of their own currency.


Other articles related to "ringgit":

Northern Corridor Economic Region - Currency
... The only legal tender in Malaysia is the Malaysian Ringgit ... As of 20 March 2008, the Ringgit is traded at MYR 3.18 at the US dollar ... The Ringgit has not been internationalised since September 1998, an effect due to the 1997 Asian Financial Crisis in which the central bank impose capital ...
Malaysian Ringgit - Etymology
... The word ringgit means "jagged" in Malay and was originally used to refer to the serrated edges of silver Spanish dollars which circulated widely in the area during the 16th and 17th ... The Singapore dollar and the Brunei dollar are also called ringgit in Malay (although currencies such as the U.S ... and Australian dollars are dolar), hence its official abbreviation RM for Ringgit Malaysia ...
Malaysian Ringgit
... The Malaysian ringgit (plural ringgit currency code MYR formerly the Malaysian dollar) is the currency of Malaysia ... The ringgit is issued by the Bank Negara Malaysia ...
Northern Corridor Economic Region - Economic Policies - Monetary Policy
... Prior to the 1997 Asian Financial Crisis, the Malaysian ringgit was an internationalized currency, which was freely traded around the world ... Just before the crisis, the Ringgit was traded RM2.50 at the dollar ... Due to speculative activities, the Ringgit fell as much as RM4.10 to the dollar in matter of weeks ...