Ringgit and yuan use in M'sia-China trade cuts exposure to external financial shocks, says Anwar | TheStarTV.com

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Ringgit and yuan use in M'sia-China trade cuts exposure to external financial shocks, says Anwar

Published on 1 Jul 2026 2:49:42 PM

The use of the ringgit and Chinese yuan in trade between Malaysia and China has risen from just 5% to 18% of total bilateral trade, reflecting growing confidence in local currency settlements, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the increase showed the commitment of both countries to adopt policies that benefit their economies and people, while reducing exposure to external financial shocks.

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news, thestartv, the star, prime minister, anwar ibrahim, ringgit, yuan, malaysia, china, trade, increase, financial system, global south, interconnected, vulnerable

The use of the ringgit and Chinese yuan in trade between Malaysia and China has risen from just 5% to 18% of total bilateral trade, reflecting growing confidence in local currency settlements, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the increase showed the commitment of both countries to adopt policies that benefit their economies and people, while reducing exposure to external financial shocks.

Read more at https://tinyurl.com/2drdeyss

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, thestartv, the star, prime minister, anwar ibrahim, ringgit, yuan, malaysia, china, trade, increase, financial system, global south, interconnected, vulnerable

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