Malaysia - Money
Currency & Money
Malaysian Ringgit (MYR; symbol RM) = 100 sen. Banknotes are in denominations of RM100, 50, 20, 10, 5 and 1. Coins are in denominations of 50, 20, 10, and 5 sen. The 1 sen coin is no longer in active circulation but may still be accepted. Sometimes, the Ringgit is referred to as the Malaysian Dollar, a term used more commonly in historical contexts.
Credit cards, particularly Visa and MasterCard, are widely accepted in Malaysia, especially in urban areas, shopping malls, and larger establishments.
Additionally, e-wallets such as Touch 'n Go, GrabPay, and Boost have become extremely popular, offering cashless convenience for both locals and visitors. Many merchants favour e-wallets as they often come with low or no transactional fees.
Sun-Thu 09:30 to 16:00 in the states of Kedah, Kelantan and Terengganu.
Mon-Fri 09:30 to 16:00 in all other states of Malaysia.
Local currency (Ringgit MYR): Travellers must declare if they bring in/ take out any amount exceeding RM10,000.
Foreign currency: There is no limit on the amount of foreign currency that can be brought into Malaysia, but amounts equivalent to USD 10,000 or more must be declared to customs.
The import and export of Israeli currency are prohibited.
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