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Malaysia's Ministry of Finance said in a written reply to Parliament that it wants more cross-border trade and investment settled in ringgit and partner currencies, using BRICS cooperation to get there. The ministry stressed that any shift must be market-driven.
Malaysia already has a renminbi-ringgit arrangement with China and a Local Currency Transaction Framework with Indonesia and Thailand.
Wider local-currency settlement would reduce dollar conversion costs for Malaysian traders, but any shift in the near term is likely to be gradual. It has little immediate effect on agricultural prices.
findeskasia.comFinDeskAsiaNov 4, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
