MYR is the international standard code for the Malaysian currency ringgit.

Malaysian ringgit, English: malaysian ringgit, the international standard code is MYR, the currency symbol is RM, and the Chinese unit is ringgit. The denominations of banknotes currently in circulation include 100, 50, 20, 10, 5, and 1 ringgit, as well as 50, 20, 10, and 5 cent coins. 1 ringgit is equal to 100 cents (numismatic unit: cents).

Malaysian currency is the legal currency of Malaysia and the currency in circulation in some countries. The international standard code is MYR, the currency symbol is RM, and it is issued by the Bank Negara Malaysia.

On July 21, 2005, Malaysia announced the abolition of the fixed exchange rate system between the Malaysian currency and the US dollar, and implemented a manageable floating exchange rate mechanism, which will be managed based on the exchange rate of a basket of currencies.

Circulation area

Mainly circulated in Malaysia. Local banks or international (foreign) banks can be found in various towns and cities in Malaysia. All banks have foreign exchange services. These banks are generally located in the city's main streets, shopping malls or important entry and exit ports.

All banking services such as foreign currency, traveler's checks, money orders, wire transfers, and entrusted commitments can be handled at any bank. At Kuala Lumpur International Airport (KLIA) in Malaysia, banks, currency exchange offices and ATMs are everywhere.

Foreign Business

Foreign students can open a bank account and use the bank's various facilities and services. They can also open a personal foreign exchange account. When foreign students open a bank account, they can use various facilities provided by the bank, such as checks, ATM cards, etc.

ATM ATM cards (Automated Teller Machine) are very convenient to use in Malaysia. When used at MEPS member cash machines (Malaysia Electronic Payment System), the ATM card can withdraw money at any time (24 hours). There are at least 2,000 MEPS member cash machines throughout Malaysia. All cash machines have prompts in Malay, English and Chinese, and most banks also have services in Malay, Chinese and English.

RM1 banknote:

The front of the RM1 banknote

Red letter 1: Start with the background image of the banknote. The background pattern is not randomly generated, it is the pattern of Malay traditional clothing, called Kain Songket (transliteration: Songket cloth).

Red letter 2: This man wearing Malay royal attire is commonly known as Agong by Malaysians, and is known as Yangdi-Pertuan Agong, which means the Supreme Head of State. He was the first Supreme Head of State, named Tuanku Abdul Rahman, and his full name in Malay is Tuanku Abdul Rahman Ibni Al-Marhum Tuanku Muhamma.

Red letter 3: Bank Negara Malaysia, the national central bank of Malaysia, where the ringgit is issued.

Red letter 4: It is divided into upper and lower parts. The upper part is the signature and the lower part is the Malay Gabenor.

Red letter 5: Malay Wang Ini Sah Diperlakukan Dengan Nilai, the Chinese meaning is approximately "authorizing the value of this banknote to pass".

Red letter 6: The national flower of Malaysia is the big red flower, also called hibiscus.

Red letter 7: The familiar crescent moon pattern is the flag pattern of Malaysia.

Red letter 8: There are two pieces of information. One is that it is made of plastic due to its small denomination, high market popularity and easy damage. Another grid totem is the kite totem on the back of the RM1.