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ringgit

[ring-git] /ˈrɪŋ gɪt/
noun
1.
a paper money, cupronickel coin, and monetary unit of Malaysia, equal to 100 sen.
Also called dollar.
Origin
1965-1970
1965-70; < Malay riŋgit literally, serrated, milled
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for ringgit
  • If you must use your credit card to pay, ask that your purchases be recorded in the local ringgit currency.
  • In fact, many hedge funds seem to have been buying ringgit rather than selling.
British Dictionary definitions for ringgit

ringgit

/ˈrɪŋɡɪt/
noun
1.
the standard monetary unit of Malaysia, divided into 100 sen
Word Origin
from Malay
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Encyclopedia Article for ringgit

monetary unit of Malaysia. The ringgit, also known as the Malaysian dollar, is divided into 100 sen. The Central Bank of Malaysia (Bank Negara Malaysia) has the exclusive authority to issue banknotes and coins in Malaysia. Coins are issued in denominations ranging from 1 sen to 1 ringgit. Banknote values are denominated from 1 to 100 ringgit. The obverse of each of the colourful bills contains a picture of Tuanka (King) Abdul Rahman, Malaysia's first yang di-pertuan agong (paramount ruler). The reverse of most bills contains images of Malaysia's economic infrastructure. For example, the Petronas Twin Towers (the world's tallest structure) are featured on the 5-ringgit note; transportation, in the form of a plane, a train, and a cargo vessel, is the subject of the 10-ringgit note; and an oil rig is on the 50-ringgit note. The ringgit was established as the official monetary unit of Malaysia in 1946, when it replaced the Straits Settlement dollar, a colonial currency created in the mid-19th century.

Learn more about ringgit with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Word Value for ringgit

9
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