Malaysian Ringgit in Kuwaiti Dinar

MYR Malaysian Ringgit

Country of application:
Malaysia

Coin denominations in circulation:
1, 5, 10, 20, 50 sen, 1 ringgit.

Denominations of banknotes in circulation:
1, 2, 5, 10, 50 and 100 ringgits.

History reference:
The national currency of Malaysia is represented by a monetary unit called the Malaysian ringgit. The Malaysian Ringgit is used officially by Malaysia and unofficially in the border regions of Indone...sia, the Philippines, Thailand, and parts of Ho Chi Minh City, Vietnam. The Malaysian dollar replaced the Malayan dollar and the British Borneo dollar in June 1967 at par. This new currency was officially called "dollars" and "cents" until August 1975, when the official name was changed to "ringgit" and "sen". In inland areas, non-cash means of payment are poorly distributed, it is better to use cash Malaysian currency. It is better to deal with Malaysian banks or licensed Malaysian exchange offices and take plenty of Malaysian cash with you. Especially when it comes to traveling to small towns or rural areas. The import of foreign currency is not limited. Export of the national currency of Malaysia - up to 5000 ringgits, foreign also up to 5000 Malaysian ringgits, in the corresponding equivalent.

KWD Kuwaiti Dinar

Country of application:
Kuwait

Coin denominations in circulation:
1, 5, 10, 20, 50, 100 fils.

Denominations of banknotes in circulation:
0.25, 0.5, 1, 5, 10, 20 dinars.

History reference:
The Kuwaiti dinar is currently the national currency of Kuwait. The Kuwaiti dinar was introduced into circulation on April 1, 1961, replacing the Gulf rupee. The Kuwaiti dinar is three times stronger... than the dollar. In 2006, Kuwait revalued its national currency by 1% against the dollar. In 1990, Iraq occupied Kuwait, the Iraqi dinar was put into circulation, and during the six months of occupation, all cash was taken out of the country. In order to prevent further use by Iraq of the stolen money, after the liberation of Kuwait, a monetary reform was carried out, the Kuwaiti dinar of the new issue again became the official means of payment. Today, coins in denominations from 5 to 100 fils and banknotes in denominations from ¼ to 20 dinars are in circulation. The Kuwaiti dinar was pegged to the US dollar at a ratio of 3:1. In 2006, the emirate revalued its national currency against the dollar by 1%. In May 2007, the Kuwaiti authorities decided to decouple the dinar from the dollar, replacing it with a multi-currency basket.