Malaysia and China are discussing Asian Monetary Fund to move away from the U.S. dollar: an OctaFX analysis

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KUALA LUMPUR, MALAYSIA – Media OutReach – 28 April 2023 – The Malaysian prime minister’s proposal to create an Asian Monetary Fund can be seen as a natural development following China’s shift away from the U.S. dollar. The OctaFX experts give their assessment of what the consequences will be for the Malaysian economy and MYR.

OctaFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries who have opened more than 40 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

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In the APAC region, OctaFX managed to capture the ‘Best Forex Broker Malaysia 2022’ award and the ‘Best Global Broker Asia 2022’ from Global Banking and Finance Review and International Business Magazine, respectively.