Ringgit (MYR; symbol RM) = 100 sen. Notes are in denominations of RM100, 50, 10, 5, 2 and 1. Coins are in denominations of 50, 20, 10, 5 and 1 sen. The Ringgit is often referred to as the Malaysian Dollar.
Currency Exchange
The best currency for exchange is the Pound Sterling, but US Dollars are also widely accepted. All commercial banks are authorised foreign exchange dealers; major hotels are only licensed to buy or accept foreign currency in the form of notes and traveller's cheques. It may be difficult to exchange foreign currencies outside the main tourist centres.
Credit/Debit Cards and ATMs
American Express, Diners Club, MasterCard and Visa are widely accepted.
Traveller's Cheques
Accepted by all banks, hotels and large department stores. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Pounds Sterling, US Dollars or Australian Dollars.
Currency Restrictions
Restrictions apply.
Banking Hours
Mon-Fri 0915-1630 (some branches open on Saturdays). Banks in Kelantan and Terengganu open Sun-Thurs 0915-1600/1630.HE
