On 12 June 1967, the Malaysian ____, issued by the new central bank, ____, replaced the Malaya and British Borneo dollar at par. The new currency retained all ____ of its predecessor except the $10,000 denomination, and also brought over the ____ schemes of the old dollar. Over the course of the following decades, minor changes were made to the notes and coins issued, from the introduction of the M$1 coin in 1967, to the demonetization of RM500 and RM1,000 notes in 1999. As the Malaysian dollar replaced the Malaya and British Borneo dollar at par and Malaysia was a ____ member of the sterling area, the new dollar was originally ____ at 8.57 dollars per 1 British ____ sterling. In November 1967, five months after the introduction of the Malaysian dollar, the pound was devalued by 14.3%, leading to a collapse in confidence for the sterling area and its demise in 1972. The new ____ not affected but earlier notes of the Malaya and British Borneo dollar were still pegged at 8.57 dollars per 1 pound; consequently these notes were reduced in value to 85 cents per dollar. In 1993, the currency symbol "RM" ____ was introduced to ____ the use of the dollar sign "$" (or "M$").

Ringgit Malaysia

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