💵HISTORY OF THE RINGGIT💵

 Do you know how the currency in Malaysia changed from the Dollar to Ringgit?

History of the Ringgit 

From the years 1946 to 1952, the nation used currency that was issued by the Board of Commissioners of Currency Malaya. These notes and coins featured the portrait of the British monarch, King George VI. 

$1-King George VI (Front)

$1-King George VI (Back)

Since 1952, new notes and coins bearing the portrait of another queen, Queen Elizabeth II, have been issued in place of the older ones.

$50-Queen Elizabeth II (Front)

$50-Queen Elizabeth II (Back)

When Malaya gained independence in 1957, there were changes to the design of the currency issued in the years 1959 and 1961, with a “fishing boat for the $1″ and a “farmer with buffalo plowing field for the $10″ respectively.

$1 in the year of 1959 (Front)

$1 in the year of 1959 (Back)

The authority to issue currency is vested in Bank Negara Malaysia (The Central Bank of Malaysia), under The Central Bank of Malaya Ordinance, 1958, which formed the Central Bank of Malaya (Bank Negara Tanah Melayu) in January 1959. However, the Board of Commissioners of Currency Malaya and British Borneo continued to issue currency until 12 June 1967. Later, Bank Negara Malaysia took control as the sole issuer of currency in Malaysia. Old Malayan notes remained in circulation alongside new Malaysian banknotes until 16 January 1969, when they were demonetized. The banknotes were issued in six denominations: 1 ringgit, 5 ringgit, 10 ringgit, 50 ringgit and 100 ringgit.

The First Notes Issued by the Bank