# Malaysia Wants More Trade Settled in Ringgit and Partner Currencies Through BRICS

> 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.

- Date: 2026-11-04 · published 2026-11-05T06:09:10.088Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/81176-malaysia-wants-more-trade-settled-in-ringgit-and-partner-currencies-through
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Sources

- findeskasia.com: https://findeskasia.com/malaysia-brics-local-currency/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.