Tishwash: Asia tends to abandon the dollar and establish an alternative Asian monetary fund to the World Bank
The Malaysian Prime Minister stated that China is open to the project of establishing an “Asian Monetary Fund” to reduce dependence on the dollar.
Malaysian Prime Minister Anwar Ibrahim said that China is open to talks with Malaysia on the establishment of this fund, stressing the need to reduce dependence on the dollar or the International Monetary Fund.
“When I met President Xi Jinping, he immediately said, I refer to Anwar’s proposal on the Asian Monetary Fund, and I welcome the discussions,” Anwar told the Malaysian Parliament. Anwar went to China on an official visit last week.
He added that there is no reason for Malaysia to continue to rely on the dollar, and that the Malaysian central bank is already working to enable the two countries to negotiate trade matters using the ringgit and the renminbi, according to what was reported by “Bloomberg” agency.
The Malaysian prime minister’s comments come just months after former Singapore officials discussed what economies in the region should do to mitigate the risk of the still-strong dollar weakening local currencies and becoming a tool for economic sanctions. link
************
Courtesy of Dinar Guru
Mnt Goat …I believe we are on the very cusp of the reinstatement. We are closer to this event than ever before. In these recent months I have presented so much information pointing in the direction that we may see this event very soon. I am not going to over speculate…I am just presenting the evidence, then making sound conclusions based off it.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The television is showing United Nations welcome Iraq to the International Transport Highway. Now Iraq has joined international trade with all neighboring countries…they keep saying we are international ascension. FRANK: International ascension for an International currency.
