Then in 1903, Malaysia's currency was Straits Dollar before the Ringgit became the official currency. Later in 1837, the Spanish silver dollar was replaced by the Indian Rupee which was in circulation for only 30 years after which the Spanish dollar was reintroduced. Before the Ringgit, Malaysia had been using the Spanish dollars since the country was part of the European colonial powers. Malaysia's official currency has been the Malaysian Ringgit, also known as the Malaysian Dollar ever since 1975. History of the Malaysian Ringgit / MYR RM
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