Malaysia Eyes Air Launched BrahMos Missile | We must use Ringgit & Rupee to trade | De Dollarization

Malaysia Eyes Air Launched BrahMos Missile | We must use Ringgit & Rupee to trade | De Dollarization| current affairs
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The Chronicle Post
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NEWS:
Jai Hind friends, welcome to the Chronicle post, friends, a meeting was held between India and Malaysia yesterday in which the Prime Minister of India Narendra Modi and his Malaysian counterpart Anwar Ibrahim not only discussed issues like defense, UPI and de-dollarization, but also signed a comprehensive strategic partnership. All the issues discussed here are going to prove to be very beneficial for India and Malaysia, but on the other hand, these things are not in favor of America and China. So let's start with de-dollarization. Friends, if seen in terms of size, Malaysia is a very small country in front of India, but despite that, a trade of about 20 billion dollars is seen between India and Malaysia in a year, and both these countries have now decided that this trade should be increased further in the coming time and it is possible that in the future the trade between India and Malaysia can be 30 to 40 billion dollars. This trade between India and Malaysia is done in dollars, about which Malaysia has openly said that we are doing local business with India. Want to trade in currency, Malaysia wants that this trade should be done in their currency Ringgit and India's currency Rupee and for this the Prime Minister of Malaysia has given approval to India, friends you will remember that recently Global South Summit was organized in which 123 countries participated, and in this summit it was said by the Prime Minister of Malaysia that the entire Global South should end its dependence on US Dollar, see friends if seen from the point of view of India and Malaysia then both the countries will benefit from de dollarization but if the same thing is seen from the point of view of America then they are going to suffer a huge loss from this, and apart from this the UPI of India which we use for online transactions in India, in the same way Paynet is used in Malaysia, although the structure of Paynet is different from the UPI of India, but Malaysia wants UPI to be integrated in their Paynet system, although UPI is already used in Malaysia, but Paynet is the biggest payment system there and UPI has been integrated in it By integrating UPI, the reach of UPI in Malaysia will increase a lot, although this integration has not happened yet but work has started on it.

Malaysia can make many defense deals with India in the future, but at present, what has come to light is that Malaysia is negotiating with India to buy Brahmos missile, which can be a headache for China, because before this India has exported it to Malaysia's neighboring country Philippines, but friends, Malaysia is interested in buying the air launch variant of Brahmos missile from India instead of the land based variant because Malaysia has MKM variant aircraft of Sukhoi 30, which is almost similar to Sukhoi 30Mki of Indian Air Force, so Brahmos can be integrated in Malaysian Sukhoi 30 after some modifications, and it is expected that soon talks can start between India and Malaysia regarding this deal.

So friends, between India and Malaysia What do you think about this comprehensive strategic partnership? Please share your thoughts in the comments.
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