Definition of ringgit in English:

ringgit

noun

  • The basic monetary unit of Malaysia, equivalent to 100 sen.

    • ‘The Asian financial crisis was in full throttle, and the Malaysian ringgit, along with most other regional currencies, was falling fast.’
    • ‘The wedding reception alone is said to have cost more then 240,000 ringgit, excluding the 50,000 ringgit they donated to charity to celebrate their wedding.’
    • ‘The value of the ringgit has been seen as too low compared with other regional currencies which have gained strength reflecting the rising economy.’
    • ‘A total of 1,300 baht and 300 Malaysian ringgits were stolen, along with the other items.’
    • ‘The workers can now be fined 10,000 ringgits and face a jail sentence of up to five years.’
    • ‘Malaysia's currency unit is the ringgit, which is also called the Malaysian dollar.’
    • ‘The Malaysian ringgit remains pegged to the dollar, but that's likely to change soon, and experts believe it will rise by 10% to 15%.’
    • ‘For the first two months of 2000, the total trade surplus stood at 9.1 billion ringgit, 10 million ringgit less than the surplus registered for the same period last year.’
    • ‘Most factory workers currently earn between 450 to 600 ringgits daily.’
    • ‘The ringgit was up 18.0% against the euro and the mark, 11.1% against the pound and 5.3% against the yen.’
    • ‘The US dollar and currencies pegged to the US dollar - like the ringgit - appear to carry the greatest weight.’
    • ‘The ringgit had been fixed at 3.8 to the U.S. dollar since 1998.’
    • ‘Another factor is speculation the Malaysian ringgit might be devalued and this put pressure on the Singapore dollar as well.’
    • ‘Many analysts are also of the view that the ringgit is undervalued, but the Malaysian government maintains that it is at a competitive level.’
    • ‘Economists and industry leaders lauded the decision to allow the ringgit to be dictated by market forces for the first time in seven years, saying it was time to dismantle the last of the crisis-era financial controls.’
    • ‘This year's sales are projected to expand by 5.85 billion ringgit from 4 billion ringgit last year.’

Origin

Malay.

Pronunciation:

ringgit

/ˈrɪŋɡɪt/