Malaysia is planning to use palm oil to buy military equipment, including European fighter jets, as part of a move to reinstate an exchange practice that the Southeast Asian country used in the 1990s.
Along with a number of emerging economies, Malaysia's national currency, the Ringgit, is in freefall which has forced the government to abandon its major infrastructure projects. While bartering palm oil with military equipment was a practice that allowed Kuala Lumpur to procure Soviet-made milita...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now