So what most of the people do is buy/sell the forex currency from local foreign exchange brokers or forex brokers as they quote good competitive rates.
Malaysian Ringgit Forex Currency Notes PictureHowever, there is still a problem. You are travelling to a new country and you dont know anything about its currency. There are chances that you may end up becoming a victim of forged or fake forex currency being sold to you. Hence, it is very important for you to have some idea or say a visal image of the forex currency with some basic details.
Hence, in this series of articles focussed on Forex Currency and Foreign Exchange related information, we will provide you with the digital images of the various forex currencies so that your get a look and feel of how the forex currency looks like. Along with that, we will also cover details about the denominations of currency notes in which a particular currency is available.
Let's begin with the series with the Malaysian Ringgit Forex Currency and the Foreign Exchange details. Here is an image of the Malaysian Ringgit Currency Notes which are in circulation.
As shown in the picture above, the Malaysian Ringgit Currency notes come in the denominations of 1, 5, 10, 20, 50 and 100 Ringgit. There are Malaysian Ringgit Coins also called the Cents, which come in denominations of 1, 5, 10, 20 and 50 cents.
Please note that above image or picture of Malaysian Ringgit is just for illustration purpose to give a look and feel of Malaysian Ringgit currency notes to travellers who are interested in dealing in Malaysian Ringgit Forex. It is not to be used for any other purposes.
Whenever you buy foreign exchange currency from someone, please always take care of the following points:
1) Always buy/sell Forex currency through a registered foreign exchange brokerage firm or forex trading firm
2) Always insist on receipt of the transaction
3) Chances are that in some countries you may be asked to provide some documents (like copy of of passport, visa etc.) to buy/sell the forex currency notes. While handing over the copies, do mention on them some info like "For buying 1000 Malaysian Ringgit on (date) from (Forex Broker Firm name)". Such things ensure that your documents are safe and cannot be misused