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 ?
The INRO (International Natural Rubber Organization) Daily Market Indicator Price (figure 1) DMIP 80-99 is the benchmark for the market intervention; it is expressed equally in Malaysian ringgit sens and Singapore dollar cents.
The government has fixed the supply price of biodiesel to the oil companies, which is linked to the monthly average RBD palm oil price, and the price of B5 at the pump will be similar to the retail price of normal diesel, which is currently Malaysian Ringgit 1.
In all, the BSP's anti-counterfeiting operations led to the arrest of and filing of legal cases against 102 suspects involved in counterfeiting activities as well as confiscation of various counterfeit currencies such as Iraqi dinar, Japanese yen, Malaysian ringgit, Philippine peso and US dollar.
The head of the central bank of Malaysia has said that the Malaysian ringgit, the worst-performing currency in Asia this year, would regain its value against the US dollar.
His parents were given 24 hours to pay 20,000 Malaysian ringgit (around BD2,260) to his abductors or they threatened to chop his fingers off.
Jilla" grossed Malaysian Ringgit 44,855 from 20 screens in its third weekend in Malaysia.
Coloma said the Philippine Embassy was able to request from Malaysia Immigration officials to bring down the overstay penalty of Filipinos from 30 Malaysian Ringgit (or about $10) per day of overstay to a total of 500 Malaysian Ringgit when they are endorsed by the Embassy.
Al Hilal Bank acted as the Manager in the UAE on the establishment of MYR 1 billion Malaysian Ringgit Sukuk Programme by Al Bayan Group Holding Company and the issuance of MYR 200 million Sukuk Wakalah due 2016, the first issuance under the Programme.
5 billion; Malaysian Ringgit Programme from MYR 3 billion to MYR 5 billion; and Japanese Samurai Programme from Yen 40 billion to Yen 150 billion.
Taqa, which owns assets in Canada and Europe, also sold a 650 million Malaysian ringgit ($215 million) denominated Islamic bond or sukuk in February, as part of plans to diversify its funding sources.
He said that whatever options the country will seek regarding the Malaysian ringgit, these measures should ''guarantee the stability of our currency.
Customers Can Now Send and Receive Payments in Brazilian Real, Malaysian Ringgit, Philippine Peso, Taiwan New Dollar and Thai Baht

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