Anwar: China is willing to discuss the establishment of the ＂Asian Monetary Fund＂ w

(Comprehensive News) Malaysia Prime Minister Anwar revealed that China is willing to discuss with Malaysia to discuss the establishment of the "Asian Monetary Fund" to reduce dependence on the US dollar and international currency funds.

Anwar is also the Minister of Malaysia.He told Congress on Tuesday (April 4) that he re -referred to this concept when attending the Boao Forum in Hainan Island, China last week.During the period when Anwar was the deputy prime minister and Minister of Finance in the 1990s, similar suggestions also made similar suggestions.

Anhua said: "When I met with () Chinese officials, I also made this suggestion. He welcome relevant discussions." Anwar last Thursday (March 30) to Saturday (April 1st)On the day of visiting China, after attending the Boao Forum, he also went to Beijing to talk to Chinese officials and Chinese Prime Minister Li Qiang and others after attending the Boao Forum.

Anwar also said: "There is no reason for Malaysia to continue to rely on the US dollar." He pointed out that the National Bank of Malaysia has begun to discuss the trade between the two countries and the RMB settlement with China.

Anwar pointed out that when he first served as the Minister of Malaysia in the Malaysian Finance in the 1990s, he proposed the idea of establishing the Asian Monetary Fund, but the US dollar was still very strong at the time, so there was no following this concept."But now, with the economic power of China, Japan and other countries, I think it should be discussed. At least first consider the Asian Monetary Fund, and then come to discuss the settlement of national currency for all countries (international trade)."

Establishing a similar concept of the International Monetary Fund (IMF) in Asia, the earliest Malaysian Prime Minister Mahathir proposed in the 1990s, and it is recommended to establish the "Asian Monetary Fund".The countries of Asianan later believed that it should be added to non -Asianan countries such as Japan and China, so it was renamed the "Asian Monetary Fund".

After the Asian Financial Storm broke out in July 1997, the then Malaysian Deputy Prime Minister and Minister of Finance Anhua again proposed to establish the Asian Monetary Fund again in August of the same year.At that time, Japan was less impact, and many Asian countries asked Japan for help.In November of Japan, Japan showed the willingness to take the lead in the establishment of the Asian Monetary Fund.However, this proposal was strongly opposed by the United States and International Monetary Fund. In addition, China remained silent at the time, and it was finally left.

Anwar, on February 10 this year, attended the "Asian Future Lecture" hosted by the Malaysian -Thai Chamber of Commerce in Bangkok, Thailand and delivered a keynote speech. He again proposed to set up this fund and advocated that it should be included in China, Japan and South Korea.He believes that this can strengthen its ability to resist the impact of the financial crisis in the region.

He said that Asian countries should re -examine this idea."We can't let outsiders decide international infrastructure. We can cooperate with them, but we should have the strength belonging to our domestic, regional and Asia. This is not necessarily for competition, but a buffer mechanism for one (the financial crisis) buffer mechanism"