Malaysia May Stop Using Dollars for Trade With China, WSJ Says

By Thursday June 4th, 2009 No Comments

Malaysian Prime Minister Najib Abdul Razak said China and his country may start transacting trade in their own currencies, rather than using dollars, because the U.S. currency may lose value, the Wall Street Journal reported.

“What worries us is that the deficit is being financed by printing more money,” Najib said, speaking at a press briefing yesterday, after meeting with Chinese Premier Wen Jiabao, according to the report. “The Treasury in the United States is printing more notes.”

Source : Bloomberg

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