Ringgit


Also found in: Dictionary, Thesaurus, Wikipedia.

Ringgit

The currency of Malaysia. It was issued in 1967 as the Malaysian dollar, though it was called the ringgit in Malay. The name ringgit was used in both languages starting in 1975. It was pegged to the U.S. dollar between 1998 and 2005 as a result of the East Asian financial crisis. In 2005 it became a currency with a managed float.
References in periodicals archive ?
9 million ringgit net profit recorded in the same quarter a year earlier, but was still a marked improvement for the national carmaker after two straight quarterly losses.
35 billion ringgit of Islamic bonds in two issues this year, while National Bank of Abu Dhabi sold two bonds totalling one billion ringgit last year.
In the second quarter, Malaysian Air, based in Subang, Selangor, posted a loss of 527 million ringgit compared to 535 million ringgit a year earlier.
5 billion ringgit during the quarter helped by rising crude prices.
Najib, who was appointed finance minister last week, expressed confidence in the stability of the ringgit.
72 billion ringgit as lending grew, the company said.
9 billion ringgit from both foreign and domestic sources last year, up from 46.
Domestic tourism, Rashid said, is bringing the company 2 billion ringgit in turnover each year with a passenger load of about 8 million.
The Committee understands that the settlement process in ringgit has been severely disrupted, which has exposed market participants to unanticipated risk.
National Bank of Abu Dhabi and Abu Dhabi National Energy Co have moreover issued in ringgit in reply to high demand from Malaysian investors viewing to achieve international exposure in local currency.
6 billion ringgit last year, with Japan remaining Malaysia's largest source of imports followed by China and Singapore.