Tuesday 24 May 2011

Recognizing Ringgit-Malaysia (RM)

Malaysia Ringgit (RM)


There are 4 types of coins, their unit is "sen":  5 sen, 10 sen, 20 sen, 50 sen.

"Sen" is same as what we commonly known, the "cent". For example, 20 sen means 20 cents.

There are 5 types of notes, their units is "Ringgit Malaysia (RM)": 1 RM, 5 RM, 10 RM, 50 RM, 100 RM.

Malaysia counterfeit situation is not serious, most of the restaurant and store will accept the large notes, unless they are not enough small notes to change, or you purchase goods from small vendors. Sometimes small notes are important.

The most convenience and good to use is 10 RM notes. So, you may ask for mainly 10 RM notes and supplemented by 50 RM notes when you exchange your currency at Money Exchanger.

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