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What is a ringgit?

What is a ringgit? Here are some definitions.

Noun
  1. The currency of Malaysia
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Examples
Many analysts are also of the view that the ringgit is undervalued, but the Malaysian government maintains that it is at a competitive level.
A 2009 study of 1.3 million Malaysian workers by the Ministry of Human Resources showed that almost 34 percent earned less than 700 ringgit a month — below the official poverty line of 720 ringgit.
Malaysia's currency unit is the ringgit, which is also called the Malaysian dollar.
The value of the ringgit has been seen as too low compared with other regional currencies which have gained strength reflecting the rising economy.
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.
Another factor is speculation the Malaysian ringgit might be devalued and this put pressure on the Singapore dollar as well.

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