Central Banking

Greater use of renminbi will promote global stability, says Malaysia’s Zeti

zeti

The increasing use of the renminbi for "real sector activities" provides significant bilateral benefits between Asia's growing economies as well offering greater stability in an increasingly multi-polar world, according to Bank Negara Malaysia governor Zeti Akhtar Aziz.

Malaysia has embarked on an aggressive programme to embrace developments in renminbi across trade and settlement as well as financial markets activities. China is now Malaysia's largest trading partner, accounting for 14% of the

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