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Investopedia explains 'MYR (Malaysian Ringgit)'
The Malaysian dollar replaced the Malaya and British Borneo dollar in June of 1967 at par. This new currency was officially referred to in "dollars" and "cents" until August of 1975, when the official name was changed to "ringgit" and "sen". In English use, the currency is still referred to in its previous form, and in the Malay language, the new form is often used. It is common for both forms to be used throughout the country.
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