Currency: Malaysian ringgit

The Malaysian ringgit is the official currency of Malaysia. One US dollar is worth around 4.20 MYR. The Malaysian ringgit is the currency of Malaysia. It was first introduced in 1967, replacing the Malaya and British Borneo dollar. The ringgit is divided into 100 sen. The currency is issued by the Central Bank of Malaysia. The ringgit has been subject to high inflation and depreciation, so banknotes are issued in denominations as high as 100 ringgit. The ringgit is widely accepted in Malaysia and is often used for transactions in neighboring countries.