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.
References in periodicals archive ?
He told reporters after attending a ceremony where Johor Mentri Besar Abdul Ghani Othman handed out 400,000 ringgits in grants to three recipients.
Ketamine is available on the streets for 300 ringgits per five grams.
Narcotics police seized 4 million ringgits worth of assets belonging to drug dealers in the state.
Primarily from Malaysian investors; the Malaysian buy-side clearly has ringgit exposure, which is why we launched the ringgit index, but there is also non- ringgit exposure and investors need a benchmark for that.
National Bank of Abu Dhabi and Abu Dhabi Commercial Bank have both issued in ringgit, in response to high demand from Malaysian investors looking to gain international exposure in local currency.