The country has agreed to switch to trading in local currencies with its major partners, the Malaysian prime minister says Malaysia is set to increase settlements in local currencies to reduce reliance on the US dollar, Prime Minister Anwar Ibrahim said on Tuesday. “To entirely stop the reliance on the US dollar will be difficult, but Malaysia will be more active and aggressive in the use of ringgit (in trade),” Anwar told the parliament. The process of de-dollarization is gaining momentum in Southeast Asia. The Malaysian prime minister noted that his country had agreements with Indonesia, Thailand, and China, its
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