Malaysia's Anwar pushes for local currency transactions in trade

Country looks to 'gradually' reduce dollar dependency to avoid forex risks

20231217 Malaysian Prime Minister Anwar Ibrahim interview 2

Malaysian Prime Minister Anwar Ibrahim speaks during an interview with Nikkei Asia on Dec. 17 in Tokyo. (Photo by Yuki Kohara) 

NORMAN GOH, Nikkei staff writer

TOKYO -- Malaysia's Prime Minister Anwar Ibrahim plans to gradually increase the use of the country's currency in trade, hoping to soften the foreign exchange impact as the U.S. dollar strengthens against many Asian currencies.

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