Ringitted

Ringitted refers to the Malaysian currency, the Malaysian ringgit. The term "ringgit" itself means "jagged" in Malay, and it is believed to have originated from the jagged edges of silver Spanish dollars that were used in the region during the colonial era. The Malaysian ringgit is the official currency of Malaysia and is subdivided into 100 sen. Its currency code is MYR. The ringgit has undergone several changes throughout its history, with various designs and denominations being introduced over time. The Bank Negara Malaysia, the central bank of Malaysia, is responsible for issuing and managing the currency. The value of the ringgit can fluctuate against other currencies due to various economic factors, including trade, inflation, and interest rates. It is a widely traded currency in the foreign exchange market.