Malaysian Ringgit

The Malaysian ringgit defines a modern Southeast Asian currency, where royal continuity and advanced security engineering converge.

Quick Facts

Country: Malaysia

Code: MYR

Symbol: RM

System: Decimal (1 Ringgit = 100 Sen)

Status: In circulation

Issuer: Bank Negara Malaysia

The Story of the Malaysian Ringgit

Introduced after the regional currency board system ended, the ringgit marked full independence. A critical numismatic moment was the 1997 financial crisis, which led to the withdrawal of the high-denomination 500 and 1000 ringgit notes. These demonetized issues, featuring Kinegram® security, are now elite targets. The currency has since evolved into a technically advanced hybrid series using both polymer and paper substrates.

Design & Symbolism

The visual identity is anchored by Tuanku Abdul Rahman, Malaysia’s first King, a portrait that remains a constant across all series. Modern notes feature national icons like the hibiscus and the Wau Bulan kite. Polymer is used for low denominations, while high-value notes retain deep intaglio engraving and colour-shifting security elements designed for tropical durability.

For collectors

For collectors, the ringgit is defined by the hunt for withdrawn high denominations and early prefix "AA" series. Commemorative releases, including the record-breaking large-format 600 ringgit, anchor the high-end market. In Malaysia's humid climate, early paper issues are prone to toning, making crisp, white UNC specimens from the 1970s and 1980s significantly more valuable.

The Malaysian ringgit remains in circulation, supporting national commerce with a highly secure modern banknote series.

Explore the Malaysian Ringgit Banknotes Collection