The currency used in Penang is Malaysia Ringgit (RM as abbreviation) one ringgit is equal to 100 cents is the price used in banknotes of 100, 50, 20, 10, 5 and 1 coin RM่ widely used: 50 price, 20, 10 and 5 cents are able to contact the Bank and foreign exchange service, have been appointed to Exchange major currencies and travellers cheques as currency ringgit.Generally, stores in Penang does not accept foreign currency payment in other currencies, even though the Singapore dollar may be used to pay for the items sometimes, but usually in very small amounts, the exchange rate valuation rather unfavorable. This is to contact the appropriate exchange rate from the currency exchange service that is licensed, which is located in shopping malls and downtown at the airport and banks have foreign exchange foreign exchange offers as well, but not well. Automatic cash dispensers (ATM) services are found throughout the city, but there are no more service outside the Central District. Hotels, shops and restaurants, most are accepted to pay for goods and services with a credit card.
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