# Malaysian ringgit

> official currency of Malaysia

**Wikidata**: [Q163712](https://www.wikidata.org/wiki/Q163712)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Malaysian_ringgit)  
**Source**: https://4ort.xyz/entity/malaysian-ringgit

## Summary
The Malaysian ringgit (MYR) is the official currency of Malaysia, introduced in 1967. It is subdivided into 100 sen and is issued by the Bank Negara Malaysia. The ringgit serves as the primary medium of exchange, unit of account, and store of value for Malaysia’s economy.

## Key Facts
- **Official Currency of Malaysia**: The Malaysian ringgit is the official currency of Malaysia, replacing the Malayan dollar in 1967.
- **ISO 4217 Code**: The ISO 4217 currency code for the Malaysian ringgit is "MYR."
- **Subdivision**: The ringgit is divided into 100 sen.
- **Issuer**: The Bank Negara Malaysia is responsible for issuing and regulating the ringgit.
- **Symbol**: The symbol for the Malaysian ringgit is "RM."
- **Start Time**: The ringgit was introduced on June 12, 1967.
- **Instance of**: The ringgit is an instance of the class "currency."
- **Country**: Malaysia is the country where the ringgit is used.
- **Sitelink Count**: The Wikipedia article on the Malaysian ringgit has 64 language editions.
- **Wikipedia Title**: The official Wikipedia title for the Malaysian ringgit is "Malaysian ringgit."
- **Wikidata Description**: The Wikidata description for the Malaysian ringgit is "official currency of Malaysia."
- **Aliases**: The ringgit is also known by the aliases "RM," "Ringgit Malaysia," and "MYR."
- **Properties**: The ringgit is associated with various properties, including P18 (image), P373 (Commons category), P498 (currency code), P646 (Freebase ID), P1417 (encyclopedia Britannica ID), P2284 (exchange rate), P2442 (exchange rate), P2968 (ISO 4217 code), P3347 (JSTOR topic ID), P3417 (lexeme), P5061 (currency symbol), P7007 (currency name in English), P8814 (WordNet ID), P11514 (lexical ID), P12086 (German label), P12800 (French label), P13625 (ISO 4217 numeric code).

## FAQs
**What is the official currency of Malaysia?**
The official currency of Malaysia is the Malaysian ringgit (MYR), which was introduced in 1967. It is subdivided into 100 sen and is issued by the Bank Negara Malaysia.

**What is the ISO 4217 code for the Malaysian ringgit?**
The ISO 4217 currency code for the Malaysian ringgit is "MYR."

**How is the Malaysian ringgit subdivided?**
The Malaysian ringgit is divided into 100 sen.

**Which organization issues and regulates the Malaysian ringgit?**
The Bank Negara Malaysia is responsible for issuing and regulating the Malaysian ringgit.

**What is the symbol for the Malaysian ringgit?**
The symbol for the Malaysian ringgit is "RM."

**When was the Malaysian ringgit introduced?**
The Malaysian ringgit was introduced on June 12, 1967.

**What is the Malaysian ringgit an instance of?**
The Malaysian ringgit is an instance of the class "currency."

**In which country is the Malaysian ringgit used?**
The Malaysian ringgit is used in Malaysia.

**How many language editions of the Wikipedia article on the Malaysian ringgit are there?**
The Wikipedia article on the Malaysian ringgit has 64 language editions.

**What are some aliases for the Malaysian ringgit?**
The Malaysian ringgit is also known by the aliases "RM," "Ringgit Malaysia," and "MYR."

## Why It Matters
The Malaysian ringgit plays a crucial role in Malaysia’s economy, serving as the primary medium of exchange, unit of account, and store of value. Its introduction in 1967 marked a significant milestone in Malaysia’s financial history, replacing the Malayan dollar. The ringgit is issued and regulated by the Bank Negara Malaysia, which ensures its stability and integrity. As the official currency of Malaysia, the ringgit is essential for trade, investment, and daily transactions within the country. Its use is widespread across various sectors, including finance, commerce, and personal finance. The ringgit’s status as a key economic indicator also influences Malaysia’s international relations and economic policies. Its subdivision into 100 sen and its ISO 4217 code "MYR" further solidify its role in global financial systems. Overall, the Malaysian ringgit is a vital component of Malaysia’s economic infrastructure and financial stability.

## Notable For
- **Official Currency of Malaysia**: The Malaysian ringgit is the official currency of Malaysia, replacing the Malayan dollar in 1967.
- **ISO 4217 Code**: The ISO 4217 currency code for the Malaysian ringgit is "MYR."
- **Subdivision**: The ringgit is divided into 100 sen.
- **Issuer**: The Bank Negara Malaysia is responsible for issuing and regulating the ringgit.
- **Symbol**: The symbol for the Malaysian ringgit is "RM."
- **Start Time**: The ringgit was introduced on June 12, 1967.
- **Instance of**: The ringgit is an instance of the class "currency."
- **Country**: Malaysia is the country where the ringgit is used.
- **Sitelink Count**: The Wikipedia article on the Malaysian ringgit has 64 language editions.
- **Wikipedia Title**: The official Wikipedia title for the Malaysian ringgit is "Malaysian ringgit."
- **Wikidata Description**: The Wikidata description for the Malaysian ringgit is "official currency of Malaysia."
- **Aliases**: The ringgit is also known by the aliases "RM," "Ringgit Malaysia," and "MYR."

## Body
### Overview
The Malaysian ringgit (MYR) is the official currency of Malaysia, introduced in 1967. It is subdivided into 100 sen and is issued by the Bank Negara Malaysia. The ringgit serves as the primary medium of exchange, unit of account, and store of value for Malaysia’s economy.

### History
The Malaysian ringgit was introduced on June 12, 1967, replacing the Malayan dollar. This change was part of Malaysia’s transition to a unified currency system following its formation as the Federation of Malaysia in 1963. The Bank Negara Malaysia, established in 1959, is responsible for issuing and regulating the ringgit.

### Subdivision and Symbol
The Malaysian ringgit is divided into 100 sen. The symbol for the ringgit is "RM." The ISO 4217 currency code for the ringgit is "MYR," which is used in international financial transactions.

### Economic Role
As the official currency of Malaysia, the ringgit plays a crucial role in the country’s economy. It is used for all financial transactions, including trade, investment, and personal finance. The ringgit’s stability and integrity are essential for Malaysia’s economic growth and development.

### International Recognition
The Malaysian ringgit is recognized and used in various international contexts. Its ISO 4217 code "MYR" ensures its identification in global financial systems. The ringgit is also known by the aliases "RM," "Ringgit Malaysia," and "MYR," which are used in different contexts and languages.

### Wikipedia and Wikidata
The Wikipedia article on the Malaysian ringgit has 64 language editions, reflecting its widespread recognition and documentation. The official Wikipedia title for the ringgit is "Malaysian ringgit," and the Wikidata description for the ringgit is "official currency of Malaysia."

### Properties and Associations
The Malaysian ringgit is associated with various properties, including P18 (image), P373 (Commons category), P498 (currency code), P646 (Freebase ID), P1417 (encyclopedia Britannica ID), P2284 (exchange rate), P2442 (exchange rate), P2968 (ISO 4217 code), P3347 (JSTOR topic ID), P3417 (lexeme), P5061 (currency symbol), P7007 (currency name in English), P8814 (WordNet ID), P11514 (lexical ID), P12086 (German label), P12800 (French label), P13625 (ISO 4217 numeric code). These properties further define and contextualize the ringgit within various knowledge systems and databases.

### Conclusion
The Malaysian ringgit is a vital component of Malaysia’s economic infrastructure and financial stability. Its introduction in 1967 marked a significant milestone in Malaysia’s financial history, and its role as the official currency of Malaysia continues to be essential for trade, investment, and daily transactions. The ringgit’s subdivision into 100 sen, its ISO 4217 code "MYR," and its recognition in various international contexts further solidify its importance in global financial systems. As the primary medium of exchange, unit of account, and store of value for Malaysia’s economy, the ringgit plays a crucial role in the country’s economic growth and development.

## References

1. Freebase Data Dumps. 2013
2. Quora
3. GF WordNet