Banknotes of Malaysia

The official currency of Malaysia is the Malaysian Ringgit (MYR), issued by Bank Negara Malaysia, the country's central bank. Paper money was first introduced in Malaysia in the early 19th century, with the first issue of the Straits Settlements dollar. A notable reform occurred in 1987 when the Ringgit was redenominated as a result of inflation and economic changes. Collectors find Malaysia's banknotes appealing due to their vibrant designs and the use of polymer substrates since 1998. The series published in 1998 features intricate floral patterns and prominent national figures, reflecting Malaysia's commitment to both tradition and modernization in its currency design. The 50 Ringgit note is particularly admired for its depiction of the national flower, the hibiscus.