China, Thailand and Indonesia have agreed to trade with us in Malaysian national currencies
白云追月素
发表于 2023-10-11 23:42:42
278
0
0
According to Reuters and Malay Mail, Anwar said this was the result of his talks with China and ASEAN countries at the recent ASEAN summit in Jakarta, and that China welcomed the initiative.
"Of China's massive investments worth billions of ringgit, about 20-28% are made in ringgit rather than US dollars. Therefore, the ringgit will not depreciate." "So far, we have successfully conducted trade in local currencies in Indonesia, Thailand and China," he said.
"It will be difficult to completely stop relying on the US dollar, but Malaysia will be more proactive in using the local currency [in trade]." Anwar also mentioned that Malaysia will implement structural reforms that can attract investment and boost the economy, which will boost the local currency.
Anwar said in September that trading in local currencies was not a new thing. He noted that after the economic crisis of the late 1990s, local currency trading had also begun to become part of the international financial architecture.
Kuala Lumpur - The China General Chamber of Commerce (CCCCI) on Tuesday said it hopes Malaysian businesses will make good use of the Malaysia-China bilateral currency swap agreement to settle in renminbi to reduce transaction costs. The Malaysia-China Chamber of Commerce also called for a further increase in the Malaysia-China bilateral currency swap line in the future to promote regional financial stability.
On August 25, during the 10th ASEAN Finance Ministers and Central Bank Governors Meeting in Jakarta, Indonesia, Bank Indonesia signed memorandums of understanding (Mous) with Bank Negara Malaysia and the Bank of Thailand on local currency trading to reduce reliance on the US dollar.
It is reported that Indonesia has previously established local currency settlement cooperation with ASEAN member countries Thailand and Malaysia. The new agreement is an expansion of local currency settlements, which use their respective currencies for trade and direct investment, without the need for companies to use the US dollar as an intermediary.
Peri Wagyo, governor of Indonesia's central bank, said Indonesia and the two countries wanted to use their currencies for more than just trade and investment. As part of the new memorandum of understanding, Indonesia, Malaysia and Thailand have agreed to promote more efficient cross-border payments, and the three countries will also use local currencies to trade financial assets, including government bonds and stocks, Perry said.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- $15 billion! ExxonMobil plans to invest heavily in Indonesia's carbon capture facilities, attracting attention
- Indonesian President: ExxonMobil plans to invest $15 billion in green petrochemical and other projects
- Nvidia is reportedly in talks with Malaysia's Yang Zhongli Group regarding data center cooperation
- Nvidia is reportedly in talks with Malaysia's Yang Zhongli Group regarding data center cooperation
- Is Malaysia's technology industry welcoming a frenzy? Nvidia is reportedly in talks to collaborate locally to provide cloud services
- US officials: The hatch of Alaska Airlines Boeing 737 MAX 9 aircraft that fell off is produced in Malaysia
- Shipping Weekly Report | Indonesia TikTok Shop and Tokopedia integration has reached 75%; Amazon launches a new feature called "Generate Product Information Content"
- Microsoft CEO will visit Indonesia, Thailand, and Malaysia
- Indonesia Hawk Airways One Wave Sound aircraft made an emergency landing due to engine fire, and all passengers were unharmed
- Malaysia Airlines Boeing aircraft returns to land due to engine failure
-
【ゆとりサイクルが始まった!歴史を鑑とする:FED金利調整と大統領選結果には“隠れた関連”があった】データによると、選挙日前に金利が引き上げられた5年間で、大統領やホワイトハウスを支配していた政党が4年連 ...
- 不正经的工程师
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
【トヨタが米国で約4万2000台のカローラCrossをリコール】トヨタ自動車は当時時間9月20日、2022年6月から2024年9月までに生産された一部のカローラCrossハイブリッド車を安全にリコールしていると発表した。リコー ...
- 伍六三
- 昨天 09:38
- 支持
- 反对
- 回复
- 收藏
-
アイルランドのライアン航空のオリーリ最高経営責任者は現地時間9月14日、最近のボーイング社員のストライキが、2025年夏までにライアン社に納入されるボーイング737 MAX機の数に影響を与える可能性があると述べた ...
- rlf2000
- 昨天 20:49
- 支持
- 反对
- 回复
- 收藏
-
インテルは9月19日、イスラエルの自動運転技術会社Mobileyeの大株主として、ビジネスの将来に自信を持っており、現在、同社の株式の多数を切り離す計画はないと発表した。 ...
- hecgdge4
- 3 天前
- 支持
- 反对
- 回复
- 收藏