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Ringgit

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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.


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KUALA LUMPUR, March 10 Kyodo Malaysia on Tuesday proposed to spend an additional 60 billion ringgit ($16.
1, 1998, Bank Negara Malaysia (the central bank of Malaysia) announced certain exchange controls involving the Malaysian ringgit and has subsequently made a number of written statements regarding the applicability of these controls.
Malaysia's government-owned Composites Technology Research Malaysia (CTRM) has sealed a multi-billion ringgit deal to provide parts for global aerospace supplier Goodrich, premier Najib Razak said on Friday.
 
 
 
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