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The Nigerian Naira (NGN) is the official currency of Nigeria, introduced in 1973 to replace the Nigerian pound. It is subdivided into 100 kobo and is regulated by the Central Bank of Nigeria, which is responsible for issuing banknotes and coins as well as managing monetary policy.
The Malaysian Ringgit (MYR) is the official currency of Malaysia, symbolized by 'RM'. It is used in all financial transactions within the country and is sub-divided into 100 sen, allowing for smaller denominations in everyday purchases.