MALAYSIA

(MYR) Currency News >>

CURRENCY:

Ringgit - MYR, Symbol RM

DENOMINATIONS:

NOTE: RM100, 50, 10, 5, 2 and 1.

COIN: 50, 20, 10, 5 and 1 sen

US DOLLAR ACCEPTED?

Yes

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted.

CURRENCY EXCHANGE:

This is easiest done at banks and within main tourist areas. The best currencies to exchange are the US dollar and the Sterling.

TRAVELLER'S CHEQUES:

These are best in Sterling, US dollars and Australian dollars.

BANKING HOURS:

Mon-Fri 0915-1630.

CURRENCY RESTRICTIONS:

Export of local and foreign currency is restricted to a total of MYR 5,000.

COUNTRY OVERVIEW:

Malaysia is located in Southeast Asia and is in fact a federation. It is made up of three federal territories and thirteen states. It is divided into two regions, one of which is called Peninsular Malaysia, and the other is called Malaysian Borneo. They are split in two by the South China Sea. The capital is Kuala Lumpur and the official language is Malay.

POPULATION:

Around 30 million.

ECONOMY:

Malaysia has been a centre of trade for many centuries. The main commodities were rubber and palm oil and also tin. Today the economy has grown and its prosperity is reflected by the Petronas Towers in Kuala Lumpur - the world headquarter of the oil giant is an impressive sight.