The Malaysian Ringgit (MYR), introduced in 1967, is the official currency of Malaysia. The term "Ringgit," meaning "jagged" in Malay, refers to the serrated edges of Spanish silver dollars historically circulated in the region. Issued by Bank Negara Malaysia, the Ringgit is an essential part of Malaysia's rapidly growing economy. As a stable currency in Southeast Asia, it is widely used in domestic and international trade, particularly within the ASEAN region.
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