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Malaysia

Money & costs

Money

The Malaysian ringgit (RM) consists of 100 sen. Coins in use are one, five, 10, 20 and 50 sen, and RM1; notes come in RM1, RM2, RM5, RM10, RM50 and RM100. Locals sometimes refer to the ringgit as a ‘dollar’.

The ringgit, pegged to the US dollar until 2005, now floats against an undisclosed basket of currencies. At the time of writing, US$1 was RM3.50.