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The future of international monetary system and the role of Asia

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, trade, fragmentation and geopolitics

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiThe future of international monetary system and the role of Asia

ContextOpening remarks by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the SEACEN Policy Summit, Kuala Lumpur, 5 February 2026.

Why it mattersMalaysia's Governor gives an Asian view on the international monetary system, local currencies and stablecoin risks.

Problems raised
  1. Geopolitics and policy uncertainty weigh on the monetary system.
  2. Stablecoins can speed up runs and fragment payments.
  3. No country can face these challenges alone.
Solutions proposed
  1. Diversify through local currency frameworks.
  2. Build regional payment connectivity and safety nets.
  3. Make systems interoperable across borders.
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