On 12 June 1967, the Malaysian
dollar, issued by the new central bank, Bank Negara Malaysia, replaced the
Malaya and British Borneo dollar at par. The new currency retained all denominations of
its predecessor except the $10,000 denomination, and also brought over the
colour schemes of the old dollar.
The Malay
names ringgit and sen were officially adopted as the sole official names in
August 1975. In 1993, the currency
symbol "RM" was introduced to replace the use of the dollar sign
"$".
The word ringgit is an obsolete term
for "jagged" in Malay and was originally used to refer to the
serrated edges of silver Spanish dollars which circulated widely in the area
during the 16th and 17th century Portuguese colonial era. In modern usage
ringgit is used almost solely for the currency.
Malaysian currency is officially referred
to as Ringgit Malaysia, hence the official abbreviation and currency symbol
RM. Internationally, the ISO 4217
currency code for Malaysian ringgit is MYR.
History
1982 2a
– banknotes with 3rd BNM’s Governor ( Abdul Aziz bin Taha ) signature : $1, $5, $10, $20, $50, $100, and $1000 denominations
introduced
1985 2b
– mark for the blind on upper left corner was removed
1993 – $1 notes were discontinued and
replaced by $1 coins
1999 2c –
new banknotes with 6th BNM’s Governor ( Ali Abu Hassan ) signature
1999 – RM500 & RM1000 notes were discontinued and ceased to be legal tender
1999 – RM500 & RM1000 notes were discontinued and ceased to be legal tender
Second Series
2a ( 1982 - with blind mark)
BNM 3rd Governor - Abdul Aziz Taha
BNM 3rd Governor - Abdul Aziz Taha
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