THE MALAYSIAN RINGGIT

The Malaysian ringgit (plural: ringgit; formerly the Malaysian dollar) is the currency of Malaysia. It is divided into 100 sen (cents) and its currency code is MYR (Malaysian Ringgit). The ringgit is issued by the Bank Negara Malaysia.

On June 12, 1967, the Malaysian dollar, issued by the new central bank, Bank Negara Malaysia, replaced the Malaya and British Borneo dollar at par. The new currency retained all denominations of its predecessor except the $10,000 denomination, and also brought over the colour schemes of the old dollar. Over the course of the following decades, minor changes were made on the notes and coins issued, from the introduction of the M$1 coin in 1967, to the demonetisation of M$500 and M$1000 notes during the 1990s.

The use of the dollar sign "$" (or "M$") was not replaced by "RM" (Ringgit Malaysia) until the 1990s, though internationally "MYR" (MY being the country code for Malaysia) is more widely used.

THAI CURRENCY HISTORY

The currency was originally known as the tical; this name was used in the English language text on banknotes until 1925. However, the name baht was established as the Thai name by the 19th century. Both tical and baht were originally units of weight and coins were issued in both silver and gold denominated by their weight in baht and its fractions and multiples.

Until 1897, the baht was subdivided into 8 fuang (เฟือง), each of 8 ath (อัฐ). Other denominations in use were:

Denomination	Thai	Value [1]	Alternate meaning
bia	เบี้ย	1⁄6400 Baht	cowrie; a very small amount of money; a counter used in gambling
solot	โสฬส or โสฬศ	1⁄128 Baht
att or ath	อัฐ	1⁄64 Baht
sio or py	เสี้ยว เซี่ยว or ไพ	1⁄32 Baht	a quarter (feuang)
sik	ซีก or สิ้ก	1⁄16 Baht	a section; a half (feuang)
feuang	เฟื้อง	1⁄8 Baht
salung	สลึง	1⁄4 Baht	a quarter (baht)
mayon	มายน or มะยง	1⁄2 Baht
baht	บาท	1 Baht	1 tical, from Portuguese, from Malay tikal [2]
tamleung (of silver)	ตำลึง (หน่วยเงิน)	4 baht	a gourd; weight of silver equal to four baht, or ~60 grams
chang	ชั่ง	20 tamleung or 80 baht	a catty ~1200 gram weight of silver; as a metric unit of weight, chang luang ชั่งหลวง = 600 grams
hap	หาบ	80 chang or 6400 baht	~96 kg of silver, roughly equivalent to the monetary talent; from the verb/noun (carry) a load (suspended at each end of a pole across the shoulder); as a metric unit of weight, hap luang หาบหลวง = 60 kg [3]

The decimal system devised by Prince Mahisorn, in which 1 baht = 100 satang, was introduced by king Chulalongkorn in 1897. However, coins denominated in the old units were issued until 1910

BANGLADESH CURRENCY HISTORY

In 1971, the erstwhile province of East Pakistan became the independent nation of Bangladesh with the Pakistan Rupee as its interim currency. The taka became Bangladesh's currency in 1972, replacing the Pakistani rupee at par. The word "taka" is derived from the Sanskrit term tanka which was an ancient denomination of silver coin. The term taka was widely used in different parts of India but with varying meanings. In north India, taka was a copper coin equal to two paise and in the south, it was equal to four paisa or one anna. It was only in Bengal and Orissa where taka was equal to rupee. In all areas of India, taka was used informally for money in general. However, Bengal was the stronghold of taka.

The rupee was introduced by the Turko-Afghan rulers and was strongly upheld by the Mughals and the British rulers. The Bengali people always used the word taka for the rupee, whether silver or gold. Ibn Battuta, the Arab traveller, noticed that, in Bengal, people described gold coins (Dinar) as gold tanka and silver coin as silver tanka.

INDIAN CURRENCY HISTORY

India was one of the earliest issuers of coins (circa 6th century BC). The first "rupee" is believed to have been introduced by Sher Shah SuriBank of Hindustan (1770-1832), the General Bank of Bengal and Bihar (1773-75, established by Warren Hastings) and the Bengal Bank (1784-91), amongst others. (1486-1545), based on a ratio of 40 copper pieces (paisa) per rupee. Among the earliest issues of paper rupees were those by the

During British rule, and the first decade of independence, 1 damidi(pie)=0.520833paise 1 kani(pice) =1.5625paise 1 paraka =3.125paise 1 anna =6.25paise 1 beda =12.5paise 1 pavala =25paise 1 artharupee =50paise 1 rupee =100paise

Until 1815, the Madras Presidencyfanam, with 12 fanams equal to the rupee. also issued a currency based on the

Historically, the rupee, derived from the Sanskrit word raupya, which means silver, was a silver coin. This had severe consequences in the nineteenth century, when the strongest economies in the world were on the gold standard. The discovery of vast quantities of silver in the U.S.relative value of silver to gold. Suddenly the standard currency of India could not buy as much from the outside world. This event was known as "the fall of the rupee." and various European colonies resulted in a decline in the

PAKISTAN CURRENCY HISTORY

The origin of the word "rupee" is found in the Sanskrit word rūp or rūpā, which means "silver" in many Indo-Aryan languages. The Sanskrit word rūpyakam (रूप्यक) means coin of silver. The derivative word Rūpaya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE.

The Pakistani rupee was put into circulation after the country became independent from the British Rule in 1947. For the first few months of independence, Pakistan used Indian coins and notes with "Pakistan" stamped on them. New coins and banknotes were issued in 1948. Like the Indian rupee, it was originally divided into 16 annas (آن), each of 4 pice (پيس) or 12 pie (پاى). The currency was decimalised on 1 January 1961, with the rupee subdivided into 100 pice, renamed (in English) paise (singular paisa) later the same year. However, coins denominated in paise have not been issued since 1994.