How To Convert Euros To Malaysian Ringgit

Posted in: Asia | 0

OVERVIEW

Malaysia, which celebrated the 50th anniversary of its independence in 2007, has become one of the most sought-after travel destinations in Southeast Asia. It is a country that has its sights set firmly on the future, but which cherishes and cherishes its traditions.

Commerce, which has been vital for centuries, and the dynamic mix of Malay, Chinese, Indian and indigenous influences have created a fascinating nation that is absolutely captivating to visitors.

Malaysia, that is tropical islands and endless white sandy beaches, warm coral sea with first class diving areas, orangutans, the oldest rainforest in the world, cities with enormous skyscrapers and majestic mosques and temples as well as a breathtakingly beautiful coastline. As if that weren’t enough to tempt even the most discerning tourist, there is Malaysia’s cuisine, which is among the best in Asia.

Malaysian Ringgit

 

DUTY-FREE SHOPPING

The following articles can be imported into Malaysia duty-free (people over 18 years of age who will stay in Malaysia for at least 72 hours):

200 cigarettes or mixed tobacco products up to 225 g;
1 l of spirits, wine or liqueur;
3 pieces of newly purchased clothing;
1 pair of new shoes;
one piece of each battery-operated or electrical device for personal hygiene;
Dutiable food up to a total value of MYR 75;
Gifts up to a total value of MYR 400 (MYR 500 if the items are from Langkawi or Labuan).

CURRENCY

1 ringgit = 100 Sen. Currency code: RM, MYR (ISO code). There are bank notes worth 100, 50, 20, 10, 5, 2 and 1 RM. Coins are in circulation in denominations of 50, 20, 10, 5 and 1 Sen. Many commemorative coins in different denominations are also valid means of payment. The ringgit is also sometimes referred to as the Malay dollar.

FOREIGN EXCHANGE REGULATIONS

According to Countryaah, the import or export of amounts over 10,000 US dollars (including travelers checks) must be declared. To do this, a Travelers Declaration Form (TDF No. 22) must be completed, which is available from Malaysian embassies and consulates, from Tourism Malaysia and at all entry and exit points and airports.
Export of foreign currencies only up to the amount declared on entry.