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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. Issued by the Central Bank of Malaysia , it is divided into 100 cents ( Malay : sen ).
Malaysia's capital market crossed the RM2 trillion threshold for the first time at the end of 2010. The capital market had achieved an annual compounded growth rate of 11% from RM717bil in 2000 due to rapid economic expansion and strong regulatory oversight that underpinned investor confidence in the Malaysian capital market.
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])
The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia; Jawi: بڠک نݢارا مليسيا ) is the Malaysian central bank.Established on 26 January 1959 as the Central Bank of Malaya (Bank Negara Tanah Melayu), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and ...
The Governor of the Central Bank of Malaysia is the chief executive of Malaysia's central bank and the ex-officio chairperson of its Central Board of Directors. Malaysian ringgit currency notes, issued by the Central Bank of Malaysia (BNM), bear the governor's signature. Since its establishment in 1959, the BNM has been headed by 10 governors.
The 1997 Asian financial crisis significantly impacted Malaysia, with the Malaysian ringgit depreciating, foreign investment declining, and the stock market index dropping by over 75%. Initially following International Monetary Fund (IMF) recommendations, the government implemented spending cuts and raised interest rates, exacerbating economic ...
Malaysia's benchmark crude oil, Tapis Blend, is a light and sweet crude oil, with an API gravity of 42.7° and a sulphur content of 0.04% by weight. Malaysia held 87.8 trillion cubic feet (Tcf) of proven natural gas reserves as of 2021, and was the third-largest natural gas reserve holder in the Asia-Pacific region after China and Indonesia ...
12 March – Tun Sharifah Rodziah Syed Alwi Barakbah, Wife of the first Malaysian Prime Minister, Tunku Abdul Rahman Putra and First Lady of Malaysia (b. 1920) 21 March – Zainon Chan, Member of the Politburo of the Malayan Communist Party (b. 1923) 16 April – Tuanku Syed Putra of Perlis, 3rd Yang di-Pertuan Agong of Malaysia (b. 1920)