Saturday, August 9, 2025
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

China and Malaysia discuss Asian Monetary Fund

by crypetonews
April 5, 2023
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


In recent years, a number of Asian countries have shown an interest in distancing themselves from the United States dollar and the International Monetary Fund (IMF), both of which have long had a preponderant position in the international monetary system. One of these nations is Malaysia, and the Malaysian central bank has been collaborating with the People’s Bank of China to facilitate trading in both of their countries’ respective currencies.

Anwar Ibrahim, the Prime Minister of Malaysia, made the announcement on April 4 that China was willing to consider the possibility of establishing an Asian Monetary Fund. The concept of such a fund was discussed during a meeting that took place the week before in Hainan, which is located in China.

The proposed fund will assist Asian countries in reducing their reliance on the United States currency and the International Monetary Fund (IMF). This action is being seen as a reaction to worries about the economic hegemony of the United States and the dangers connected with the use of the dollar as the reserve currency of the world.

Reportedly welcoming negotiations on the plan, which may pave the way for a more autonomous Asian financial system, China’s President Xi Jinping is said to have shown enthusiasm about the topic. The establishment of an Asian Monetary Fund has the ability to make available financial resources for the region’s infrastructure development projects, therefore fostering economic expansion.

In recent years, there has been a discernible uptick in the momentum around the movement toward a stronger role for Asian currencies in international commerce. In March, China and Brazil reached an agreement to conduct commerce exclusively in their own national currencies, so fully excluding the use of the US Dollar.

The Asian Monetary Fund that is being suggested is not the first effort that has been made to establish a regional financial organization. The Asian Development Bank (ADB) was founded in 1966 with the purpose of fostering economic growth and alleviating poverty across the region. On the other hand, the Asian Development Bank (ADB) has come under fire for being controlled by the United States and Japan and for having a limited effect in tackling the economic difficulties facing the area.

In conclusion, the proposed establishment of an Asian Monetary Fund is a major step forward in the continuing transition away from the predominance of the United States dollar in the international monetary system. Even though the creation of such a fund would be met with a number of obstacles, there is a possibility that it would provide a method of fostering more monetary autonomy and stability across the Asian area.



Source link

Tags: AsianChinadiscussFundMalaysiaMonetary
Previous Post

Frieze parent company Endeavor acquires wrestling giant WWE in $9.3bn deal

Next Post

Expected Changes on Beacon Chain with Shapella Upgrade

Related Posts

CrediX Goes Silent After Exploit Deal, .5M Still Missing
Blockchain

CrediX Goes Silent After Exploit Deal, $4.5M Still Missing

August 8, 2025
Storm’s Defense Gets 0K Boost from Ethereum Foundation
Blockchain

Storm’s Defense Gets $500K Boost from Ethereum Foundation

August 8, 2025
Why Employers Trust Certified Professionals—Stats and Success Stories
Blockchain

Why Employers Trust Certified Professionals—Stats and Success Stories

August 8, 2025
WLD Price Rebounds 4.55% After Binance.US Listing Despite China Warning
Blockchain

WLD Price Rebounds 4.55% After Binance.US Listing Despite China Warning

August 8, 2025
SUI Price Surges 8.9% as Institutional Investment Offsets Token Unlock Impact
Blockchain

SUI Price Surges 8.9% as Institutional Investment Offsets Token Unlock Impact

August 8, 2025
NYDFS Fines Paxos .5M Over BUSD and Binance Links
Blockchain

NYDFS Fines Paxos $48.5M Over BUSD and Binance Links

August 7, 2025
Next Post
Expected Changes on Beacon Chain with Shapella Upgrade

Expected Changes on Beacon Chain with Shapella Upgrade

Happy 48th Birthday, Satoshi Nakamoto, inventor of Bitcoin!

Happy 48th Birthday, Satoshi Nakamoto, inventor of Bitcoin!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Analyst Says Bitcoin Price Will Peak Above 0,000, But A 76% Crash Looms
Crypto Updates

Analyst Says Bitcoin Price Will Peak Above $300,000, But A 76% Crash Looms

by crypetonews
August 5, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The possible top for the Bitcoin price...

Justin Sun Makes History as Youngest Chinese Commercial Astronaut With Blue Origin’s NS-34 Spaceflight

Justin Sun Makes History as Youngest Chinese Commercial Astronaut With Blue Origin’s NS-34 Spaceflight

August 3, 2025
Meta Deletes 6.8M WhatsApp Accounts Tied to Crypto Scams

Meta Deletes 6.8M WhatsApp Accounts Tied to Crypto Scams

August 7, 2025
Rare Punk NFT Sells For .5M – Daily NFT Sales Spike 15%

Rare Punk NFT Sells For $2.5M – Daily NFT Sales Spike 15%

August 6, 2025
Bringing Instant Swaps to P2P Traders – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

Bringing Instant Swaps to P2P Traders – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

August 5, 2025
DOT Price Slides Below Key Moving Averages as Polkadot Tests Critical Support

DOT Price Slides Below Key Moving Averages as Polkadot Tests Critical Support

August 7, 2025

Please enter CoinGecko Free Api Key to get this plugin works.
  • Trending
  • Comments
  • Latest
Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFTs to Watch in 2025 for High-Return Investments

November 22, 2024
Uniswap v4 Teases Major Updates for 2025

Uniswap v4 Teases Major Updates for 2025

January 2, 2025
Enforceable Human-Readable Transactions: Can They Prevent Bybit-Style Hacks?

Enforceable Human-Readable Transactions: Can They Prevent Bybit-Style Hacks?

February 27, 2025
Best Cryptocurrency Portfolio Tracker Apps to Use in 2025

Best Cryptocurrency Portfolio Tracker Apps to Use in 2025

April 24, 2025
What’s the Difference Between Polygon PoS vs Polygon zkEVM?

What’s the Difference Between Polygon PoS vs Polygon zkEVM?

November 20, 2023
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims

July 18, 2025
XRP Official CRYPTO VOTE LIVE NEWS!🔴GENIUS, CLARITY Act

XRP Official CRYPTO VOTE LIVE NEWS!🔴GENIUS, CLARITY Act

46
IMP UPDATE : BILLS PASSED || BITCOIN DOMINANCE FALLING

IMP UPDATE : BILLS PASSED || BITCOIN DOMINANCE FALLING

38
🚨BIG UPDATE ON WAZIRX || ALT COIN PORTFOLIO NO 1

🚨BIG UPDATE ON WAZIRX || ALT COIN PORTFOLIO NO 1

37
BITCOIN: IT'S HAPPENING NOW (Urgent Update)!!! Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

BITCOIN: IT'S HAPPENING NOW (Urgent Update)!!! Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

33
JUST IN XRP RIPPLE DUBAI NEWS!

JUST IN XRP RIPPLE DUBAI NEWS!

25
Flash USDT | How It Became the Biggest Crypto Scam Worldwide

Flash USDT | How It Became the Biggest Crypto Scam Worldwide

31
Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks

Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks

August 9, 2025
Harvard Reveals 7M BlackRock Bitcoin ETF Stake In SEC Filing – Details

Harvard Reveals $117M BlackRock Bitcoin ETF Stake In SEC Filing – Details

August 9, 2025
CoinDesk Data: TRON Surpasses 0B in Monthly Stablecoin Transfers

CoinDesk Data: TRON Surpasses $600B in Monthly Stablecoin Transfers

August 9, 2025
SBI Clarifies XRP ETF Status With Filing Timed For Regulatory Breakthrough

SBI Clarifies XRP ETF Status With Filing Timed For Regulatory Breakthrough

August 9, 2025
I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours

I Asked ChatGPT’s New Agent What to Post Next — It Got 50,000 Views in 48 Hours

August 9, 2025
This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm

This XRP Signal Consistently Foreshadows Price Jumps: Analytics Firm

August 8, 2025
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks
  • Harvard Reveals $117M BlackRock Bitcoin ETF Stake In SEC Filing – Details
  • CoinDesk Data: TRON Surpasses $600B in Monthly Stablecoin Transfers
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In