China, Malaysia Plan To Establish Asian Monetary Fund

05.04.23 - China and Malaysia are about to start talks on establishing an Asian Monetary Fund as the countries look to reduce reliance on the US dollar in bilateral trade.
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There have been previous discussions on the establishment of the Fund, which struggled to take off due to the strength of the US dollar. But as de-dollarization gains momentum, many countries are dumping the greenback in their trade settlements. RT.com