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 ?
As the Malaysian ringgit and the Singapore dollar have depreciated against the U.S.
The Ajith starrer raked in Malaysian Ringgit 53,892 from 21 screens, but its 17-day collections are lower than "Jilla".
The bank played its role in the establishment of a one billion Malaysian ringgit sukuk programme by Al Bayan Group Holding Company for the programme and the issuance of a 200 million ringgit sukuk wakalah due in 2016, the first issuance under the programme.
The National Bank of Abu Dhabi (NBAD) has successfully issued an MYR 500 million ($163.4 million) Sukuk, its third issuance denominated in Malaysian ringgit (MYR) and the first ever issue of a subordinated debt by a non-Malaysian FI in Malaysia.
Asked when Taqa would be tapping more funds on the market as part of its Malaysian ringgit sukuk programme, Mubaideen said: "We will be tapping the market again when it's required and when market conditions are favourable for Taqa."
NBAD has taken several steps over recent years to enhance its Global Debt platform, including issuance of debt in Hong Kong dollars and Malaysian ringgit, and recently established a Kangaroo platform for future potential issuance in Australian dollars and New Zealand currencies.
The Malaysian ringgit has been pegged at 3.8 to a dollar since Sept.
This is despite the well-known fact that the Malaysian Ringgit is one of many currencies including the Norwegian Kroner, the Australian Dollar, the Russian Rouble and the Brazillian Real, for example, that have dropped in value mainly due to the abrupt fall in oil prices, expectations of rising US interest rates and concerns of economic slowdown in emerging markets.
The Malaysian ringgit is Asia's worst-performing currency in the past six months.
The Vijay-Mohanlal starrer grossed Malaysian Ringgit 827,916 (a[sup.1]1.54 crore) in 10 days, whereas "Veeram" minted Malaysian Ringgit 785,780 (a[sup.1]1.46 crore).
"My wife and I needed money when he arrived to Bahrain for tourism, so I borrowed 20,000 Malaysian ringgit from him," he said.
Summary: The National Bank of Abu Dhabi, or NBAD, has successfully issued a 500 million Malaysian ringgit ($163.4 million, Dh600.1 million) sukuk, its third issuance denominated in the currency and the first ever issue of a subordinated debt by a non-Malaysian FI in Malaysia.

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