Malaysian Prime Minister Anwar Ibrahim said on Oct. 10 that Malaysia will increase settlements in local currencies, according to RT. “To entirely stop the reliance on the U.S. dollar will be difficult, but Malaysia will be more active and aggressive in the use of ringgit (in trade),” Anwar told the parliament. RT adds that the move comes amid a sharp decline in the Malaysian currency against the dollar.
Malaysia De-dollarization
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