Description
50 MYR Bills. The Malaysian ringgit ( plural: ringgit; symbol: RM; currency code: MYR; Malay name: Ringgit Malaysia; Chinese name: 令吉; formerly the Malaysian dollar), is the currency of Malaysia. It is divided into 100 sen (cents). The ringgit is issued by Bank Negara Malaysia, the Central Bank of Malaysia.
The Malay names ringgit and sen were officially adopted as the sole official names in August 1975. Previously they had been known officially as dollars and cents in English and ringgit and sen in Malay, and in some parts of the country this usage continues. In the northern states of Peninsular Malaysia, denominations of 10 sen are called kupang in Malay and called pua̍t (鏺/鈸) in Penang Hokken which is thought to be derived from the Thai word baht. e.g. 50 sen is lima kupang in Malay and gōo-pua̍t (五鏺/鈸) in Hokkien. The Tamil speaking communities in Malaysia use veḷḷi (வெள்ளி) meaning “silver” in Tamil to refer to ringgit, while for sen, the word kācu (காசு) is used, from which the English word “cash” is derived.
BRIEF HISTORY OF THE MALAYSIAN RINGGIT (50 MYR Bills) :
The Malaysian Ringgit has been printed in three series ;
The first series ; Bank Negara Malaysia began issuing currency notes in June 1967. These banknotes were in five denominations: $1, $5, $10, $50 and $100. A $1,000 denomination note was issued on 2 September 1968.
The second series ; On 1 September 1982, Bank Negara Malaysia issued two currency denominations, $20 and $500, valid for tender, adding to the denominations of $1, $5, $10, $50, $100 and $1,000 that were already in circulation.
In 1993, the currency symbol “RM” (Ringgit Malaysia) was introduced to replace the use of the dollar sign “$” (or “M$”).
Additional information
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