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It was issued by the British colonial governments of Malaysia, Singapore and Brunei during the British colonial period.
A currency issued by a British colonial government.
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It was issued by the Government of Cape Lat (i.e. Strait Colony) and was used from 1826 to 1939.
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The Chinese commonly call it “laksi yuan” because “Selat” means strait in Malay.
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In 1939, the British colonial government introduced a new currency, the Malayan Dollar, to replace the ratchima, but the term “ratchima” is still sometimes used by the Chinese people to refer to the local currency.
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