Govt to prioritise ringgit use in international settlements


KUALA LUMPUR: The government will continue to promote the use of local currency in international settlements and periodically enhance mechanisms with strategic partner countries.

The Ministry of Investment, Trade and Industry (MITI) said the government remains open to expanding the use of regional local currencies with major ASEAN countries, including Vietnam and the Philippines, as well as BRICS members such as Russia and India.

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