ringgit

noun
ring·git | \ˈriŋ-git \
plural ringgits or ringgit

Definition of ringgit 

the basic monetary unit of Malaysia — see Money Table

Examples of ringgit in a Sentence

Recent Examples on the Web

The Malaysian ringgit plummeted 35 percent, reserves dwindled and the stock market crashed and lost half its value. Bloomberg.com, "Bloomberg," 14 May 2018 Malaysia's currency, the ringgit, dipped soon after the election results were known. Elaine Kurtenbach And Eileen Ng, Fox News, "Opposition election win in Malaysia ups economic uncertainty," 11 May 2018 Police have also seized jewelry and valuables valued at more than 1.1 billion ringgit ($272 million) from properties linked to Najib. NBC News, "Former Malaysian PM Najib Razak charged after multibillion dollar graft scandal," 4 July 2018 Investors had been positive on Malaysia’s market at the start of 2018, with the ringgit and equities outperforming regional peers: The country’s main stock benchmark briefly topped its 2014 record high last month. Wsj Staff, WSJ, "Shock Election Result Spells Turbulence for Malaysian Markets," 10 May 2018 Sabah Chief Minister Musa Aman urged voters to look at the government’s achievements, including the construction of the Pan-Borneo Highway and doubling GDP per capita to 20,000 ringgit ($5,170) last year from 2005. Pooi Koon Chong, Bloomberg.com, "As Malaysia Poll Expectations Rise, Borneo Stronghold Stays Firm," 5 Apr. 2018 The Malaysian ringgit has fallen 1.1% against the dollar since May 7, ahead of the election, including a 0.2% drop on Thursday, according to Thomson Reuters data. Manju Dalal, WSJ, "Malaysia’s Markets Are Feeling the Aftermath of Its Shock Election," 24 May 2018 Malaysia’s currency, the ringgit, hit a four-month low against the dollar. Steven Russolillo, WSJ, "Asian Stocks Near 2-Month High as Malaysia’s Markets Topsy-Turvy," 14 May 2018 Under Malaysia’s Anti-Fake News Act, offenders can be punished with up to six years in jail and a fine of up to 500,000 ringgit (about $123,000). Dani Deahl, The Verge, "First person convicted under Malaysia’s fake news law gets month in jail," 30 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'ringgit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of ringgit

1894, in the meaning defined at sense 2

History and Etymology for ringgit

Malay, literally, serration, coin with milled edge

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Last Updated

13 Oct 2018

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Time Traveler for ringgit

The first known use of ringgit was in 1894

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More from Merriam-Webster on ringgit

Britannica.com: Encyclopedia article about ringgit

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