The Malaysian Ringgit (MYR) is the official currency of Malaysia. It is abbreviated as RM and is subdivided into 100 sen. The Ringgit is issued and regulated by the Central Bank of Malaysia, known as Bank Negara Malaysia, which ensures the stability and integrity of the currency. The symbol for the Malaysian Ringgit is often represented as "RM" before the amount, such as RM50. The currency is widely used in daily transactions, including shopping, dining, and services throughout the country. The Ringgit is also traded in foreign exchange markets, reflecting Malaysia's economic activities.