RM58bil trade done in ringgit, says Anwar
KUALA LUMPUR: About RM58bil of Malaysia’s trade with three trading partners is transacted in ringgit, said Datuk Seri Anwar Ibrahim.
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KUALA LUMPUR: About RM58bil of Malaysia’s trade with three trading partners is transacted in ringgit, said Datuk Seri Anwar Ibrahim.
Regulatory incentives could be on the way for commercial banks to help develop their local currency trading and settlement infrastructure.
China dropping US Treasury bonds is a long-term strategy prompted by uncertainty surrounding the US’ economic prospects, monetary policies, and political instability, per the Chinese press.
At the Brics Summit in South Africa, members made calls for changes to the World Bank and the International Monetary Fund.
De-dollarisation 'desirable' but a substitute currency is a long way off