Did malaysia change a new currency

Yes, Malaysia did change its currency. Prior to 1975, Malaysia used the Malayan dollar (MYD) as its official currency. However, in 1975, the Malaysian government decided to decimalize the currency and introduce a new currency, the Malaysian ringgit (MYR).

The ringgit was introduced on August 16, 1975, and it replaced the Malayan dollar at a rate of 1 Malaysian dollar = 100 sen. The sen was the subunit of the Malayan dollar, and it was also replaced by the sen, which is now the subunit of the ringgit.

The change was made to simplify the currency system and to reduce the number of coins and banknotes in circulation. The ringgit has been the official currency of Malaysia since then, and it is widely used in the country and internationally.

Here are some key features of the Malaysian ringgit:

Overall, the introduction of the ringgit was a significant change for Malaysia's currency system, and it has played an important role in the country's economic development and international trade.