Malaysia cbank to push domestic RMB markets.

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  • Additional Information
    • Subject Terms:
      BANK Negara Malaysia (Company)
    • Subject Terms:
      ZAHID, Adnan Mohamad
    • Abstract:
      The article reports that the Bank Negara Malasia (BNM) is planning on promoting Renminbi (RMB) in the financial markets, especially among official institutions. According to BNM's assistant governor Adnan Mohamad Zahid, the special drawing rights (SDR) inclusion, more central banks are likely to add the RMB into their international reserves. How the RMB will relate to heading is also discussed.