Due to the common heritage of the three modern currencies, the Singapore dollar and the Brunei dollar are also called ringgit in Malay (currencies such as the US and Australian dollars are translated as dolar), although nowadays the Singapore dollar is more commonly called dolar in Malay. In modern usage ringgit is used almost solely for the currency. The Portuguese also had influence in the region, due to their control of Portuguese Malacca and due to the Iberian Union of Spain and Portugal. Spanish coins circulated widely in south-east Asian area from the 16th and 17th centuries, as Spain controlled the Philippines as part of the Spanish colonial empire. The word was originally used to refer to the serrated edges of silver Spanish dollars. The word ringgit is an obsolete term for "jagged" in the Malay language. The ringgit is issued by the Central Bank of Malaysia.ġ8th-century Spanish dollar with milled edges (jagged or "beringgit") The Malaysian ringgit ( / ˈ r ɪ ŋ ɡ ɪ t/ plural: ringgit symbol: RM currency code: MYR Malay name: Ringgit Malaysia formerly the Malaysian dollar) is the currency of Malaysia. RM2 (discontinued, still legal tender) RM60, RM600 The language(s) of this currency do(es) not have a morphological plural distinction. Malaysian ringgit third-series coinage and fourth-series banknote designs, announced in 2012 by Central Bank of Malaysia
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