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Malaysia | Travel Guide
Malaysia - Currency
Currency

The national currency is the Ringgit Malaysia or RM. The currency is denominated into 1000, 500, 100, 50, 10, 5, 2 and 1 RM notes. Coins include 1 RM, 50 cents, 20 cents, 10 cents, 5 cents and 1 cent.

The ringgit is pegged at RM3.80 to US dollar. The peg was introduced in 1998 during the Asian financial crisis by the former CEO of Malaysia, Dr Mahathir Mohammad.

Throughout the country, you can change your money at banks, major hotels and money changers. There are ATMs in every city too.

All the major credit cards are widely accepted at shopping malls, major hotels, tour agencies, entertainment outlets and so on.

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