BUSINESS

THERE IS NO NEED TO CONTINUE DEPENDING ON US DOLLAR IN INVESTMENTS -- PM ANWAR

04/04/2023 12:21 PM

He said negotiations between Malaysia and other countries should use the currencies of both countries. According to him, Bank Negara Malaysia has also made a proposal to pioneer the said method in matters of trade during visits to China using ringgit and renminbi.

“A more important matter is about the Asian Monetary Fund and the initial stage that I had proposed as the Finance Minister which was not well received in Asia because at that time the US dollar was very strong.

“But now with the economic strength of China, Japan and so on, I think this proposal should be negotiated at least about the Asian Monetary Fund and can utilise the ringgit and the country’s currency accordingly,” he said in reply to an additional question from M Kulasegaran (PH-Ipoh Barat) on whether the government will join most countries that no longer want to use the US dollar in trade transactions.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy