The Malaysian Dollar (MYR) is the official currency of Malaysia. It is abbreviated as MYR and often represented by the symbol RM, which stands for "Ringgit Malaysia." The currency is subdivided into 100 sen. The Malaysian Dollar is issued and regulated by the Central Bank of Malaysia, known as Bank Negara Malaysia. The Malaysian Dollar is used for all transactions within the country, including trade, services, and tourism. Its value can fluctuate against other currencies, influenced by factors such as economic performance, inflation, and global market trends. The currency plays a crucial role in Malaysia's economy and international trade.