Malaysian Ringgit

The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for everyday transactions, saving, and investment within the country. It is subdivided into 100 smaller units called sen. The Ringgit's value fluctuates based on economic factors, such as trade balances, inflation, and political stability, and is influenced by global currency markets. It is managed by Bank Negara Malaysia, the country’s central bank. The Ringgit is recognized internationally and used in Malaysia and parts of neighboring countries, serving as a symbol of Malaysia’s economic sovereignty.