At the opening of the Asia-Pacific Security Summit in Kuala Lumpur today, the Prime Minister called for the accelerated creation of a "Digital Asian Currency." He argued that the current closure of the Strait of Hormuz and the ensuing global market instability have highlighted the region's over-reliance on the US dollar. The proposal aims to provide ASEAN nations with a more stable, independent financial framework for regional trade.

The Prime Minister emphasized that Malaysia remains committed to a neutral foreign policy despite the escalating US-Iran standoff. He noted that a regional digital currency would act as a buffer against external economic shocks and sanctions that currently threaten local supply chains. Security experts at the summit are now discussing the technical feasibility of integrating existing national digital payment systems into a unified regional network.

The summit, which continues through the weekend, has brought together defense and economic leaders from across Asia. While the currency proposal is the highlight, discussions are also focusing on joint maritime patrols to ensure safe passage for cargo ships in the South China Sea. Domestic markets have reacted with cautious optimism, as the Ringgit showed slight fluctuations following the announcement.