Bank Negara Malaysia (BNM) was established on 26 January 1959 and it is the sole issuer of Malaysian Ringgit. On 12 June 1967, the first Malaysian Ringgit issued to replace the Malaya and British Borneo dollar.
In 1993, the currency symbol “RM” (Ringgit Malaysia) was introduced to replace the use of the dollar sign “$”.
Since the first issuance, the value of gradually increase as Malaysian economy prospers. Do you know how much is printed Malaysian Ringgit Currency Note in circulation?
The table below show the total the of Malaysian Ringgit Note circulated in the economy since 1975 excluding RM500, RM1,000 notes and coins valued about RM2 billion.
Malaysians have the conviction that Singaporeans are doing far better than Malaysians do. In many specialized areas, indeed, the level of superiority of Singapore seems to be light years away compared to Malaysia. However when all things are smoothened out, and the data is generalized over the entire country (Malaysia is much bigger and populous than its neighbor, by as much as 1,400 times and 6 times respectively), we can see that the overly emphasized achievements of Singapore (or the lack of achievements on the part of Malaysia) will fall apart.