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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MITI , BRICS , US dollar , dedollarisation

Next In Business News

Hume Cement appoints William Tan as group managing director
COP30: TNB a critical enabler to advance regional energy cooperation via Asean power grid
Ringgit ends slightly lower vs greenback on Fed rate outlook caution
Powerwell to expand into East Malaysia via strategic M&A
Bursa Malaysia's key index ends higher near 16-month peak
Velesto unit disposes of entire stake in Velesto Workover for RM16.5mil
Kim Loong anticipates satisfactory FY26 performance
Perdana Petroleum unit receives two work orders from PETRONAS Carigali
Awantec unit bags two contracts to supply AI tools to public unis worth a combined RM16.41mil
Willowglen MSC unit signs remote terminal unit supply contract for RM8.59mil

Others Also Read