The Dedollarization wave is also arriving to Malaysia. I've never thought that it would be coming this soon. Malaysia and China are in discussions to trade directly in MYR and RMB. Great news for inflation control and sanctions-proofing.
Also, they are in discussions to setup an Asian Monetary Fund, an IMF alternative. This idea was initially mooted by Anwar Ibrahim in the 90s when he was the then Finance Minister of Malaysia (before his fall from power and imprisonment). Obviously, that idea couldn't take off in the 90s. How times have changed.
Despite Anwar used to being one of the NED's protege. Dedollarization is an obvious redline for the US. I think the NED might start doing something soon. Or maybe America is just too busy elsewhere to have time for Malaysia.