[theold]

PARLIAMENT | The government, through Bank Negara Malaysia, is exploring initiatives to encourage countries to trade in local currencies, said Prime Minister Anwar Ibrahim.

This is in line with his view for Malaysia to reduce its reliance on the US dollar in trade and investments.


https://www.malaysiakini.com/news/682187

[theold]

PM Anwar: Indonesia, Thailand and China agree to trade with Malaysia using ringgit

https://www.malaymail.com/news/malaysia/...ggit/95422

[sgbuffett]

So how is Malaysia going to get money to pay bits debts which is in USD?

[sogo]

So how is Malaysia going to get money to pay bits debts which is in USD?

if u are not going to use usd just default lah

[sgh]

So how is Malaysia going to get money to pay bits debts which is in USD?

Since when do they intend to repay back? They poor lar like beggar take already won't return one lar.

[mikotan]

Why need to re-pay debts in the first place?

[sgh]

Why need to re-pay debts in the first place?

Agree. "re-pay debt" this phrase is not in their dictionary.

[Scythian]

.

So, all 10 Asean countries trading will use local currency .

Singapore buys durians in MYR

[cityhantam]

.

So, all 10 Asean countries trading will use local currency .

Singapore buys durians in MYR

You use USD to buy durians meh?

[watchfirst9]

So how is Malaysia going to get money to pay bits debts which is in USD?

use less not totally do not use, especially when buy things.
As borrowings in foreign currency increase in value, they need to 
earn more MYR to repay debt.
Through less use us$, there will be more $ supply, less pressure on their
currency. 
Those bonds they hold are brought during low interest rates, if force to sell now 
before maturity to pay debt or trade, they will make lost in their investment.
Double blow.

You need to study some econ books,

[singlon]

she is late
first she must learn wat is current(cy) and wat is money
hr to balance acct during each day of current(cy) beri important.