1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst saysPrime Minister Datuk Seri Anwar Ibrahim said so far, Malaysia have succeeded in using the ringgit while trading in Indonesia, Thailand and China. — Bernama picKUALA LUMPUR, Oct 10 — Prime Minister Datuk Seri Anwar Ibrahim today said he has invited several countries such as Indonesia, Thailand and China to use the ringgit while trading with Malaysia.
“China welcomed the suggestion. Approximately 20 to 28 per cent of big-scale investments — billions of ringgit in investments — they are not using dollars but using ringgit. And this does not affect in terms of the losses or depreciation of the ringgit. He was responding to Perikatan Nasional’s Pendang MP Datuk Awang Hashim on how effective are government’s measures are in dealing with the impact of the drop in ringgit reaching a level of RM4.73 against the US dollar.
He said that the ringgit’s depreciation however is not as severe as the value of the Japanese yen or Thailand’s baht that are also experiencing depreciation.