‘No Reason’ for Malaysia to Rely on US Dollar, Prime Minister Says

‘No Reason’ for Malaysia to Rely on US Dollar, Prime Minister Says
Malaysian Prime Minister Anwar Ibrahim leaves the lower house of Parliament after receiving a vote of confidence, in Kuala Lumpur on Dec. 19, 2022. Photo by Hasnoor Hussain / POOL / AFP via Getty Images
Andrew Moran
Updated:
0:00

Malaysia no longer believes it’s necessary to depend on the U.S. dollar, Prime Minister Anwar Ibrahim said during an address to the nation’s Parliament.

Following last week’s state visit to China, Mr. Anwar revealed that the regime in Beijing is open to deliberations with Kuala Lumpur to establish an “Asian Monetary Fund.”

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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