ringgit

noun

ring·​git ˈriŋ-git How to pronounce ringgit (audio)
plural ringgits or ringgit
the basic monetary unit of Malaysia see Money Table

Examples of ringgit in a Sentence

Recent Examples on the Web Today, the low-cost airline is worth around 20 billion ringgit (over $4 billion) and Fernandes’s net worth (currently, $335 million) and notoriety, has grown with it. Orianna Rosa Royle, Fortune, 11 Mar. 2024 The prime minister has praised China’s Belt and Road Initiative, and won a 170 billion Malaysian ringgit ($35.6 billion) investment commitment from Beijing almost a year ago. Lionel Lim, Fortune Asia, 26 Feb. 2024 He is accused of transferring 42 million ringgit ($9 million) from 1MDB subsidiary SRC International Sdn Bhd to his personal account between 2014 and 2015. Philip Heijmans, Bloomberg.com, 10 Jan. 2024 There is no real market in which the Peruvian company could exchange Peruvian soles for Malaysian ringgit, so local banks facilitating that trade will normally use soles to buy U.S. dollars and then use dollars to buy ringgit. Paul Krugman, Foreign Affairs, 6 Dec. 2023 In May this year, the duo won regulatory approval to buy the International Medical University in Kuala Lumpur for 1.35 billion ringgit. Jonathan Burgos, Forbes, 12 Nov. 2023 Supermax reported a loss of 102.4 million ringgit for the six-month period ended December 31, 2022, down from a profit of 686 million ringgit for the same period ended a year before. Anu Raghunathan, Forbes, 19 Apr. 2023 For a similar room, the Cheong Fatt Tze Mansion currently charges around 540 ringgit a night, while the Edison Hotel’s rate is 630 ringgit. Simon Elegant, New York Times, 20 Mar. 2023 Although current global conditions look unfavorable to the ringgit, Maybank doesn’t expect headwinds to persist until year-end. WSJ, 2 June 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'ringgit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Malay, literally, serration, coin with milled edge

First Known Use

1894, in the meaning defined above

Time Traveler
The first known use of ringgit was in 1894

Dictionary Entries Near ringgit

Cite this Entry

“Ringgit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ringgit. Accessed 28 May. 2024.

Kids Definition

ringgit

noun
ring·​git ˈriŋ-git How to pronounce ringgit (audio)
plural ringgit or ringgits
1
: the basic unit of money of Malaysia
2
: a coin or bill representing one ringgit

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