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323210 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
https://www.digit.info/10-southeast-asian-nations-challenge-dollar-dominance-with-push-for-local-currencies/
Sun, 14 May 2023 03:00:07 +0000https://www.digit.info/2023/05/14/10-southeast-asian-nations-challenge-dollar-dominance-with-push-for-local-currencies/Read more]]>The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. […]
]]>ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements
https://www.digit.info/asean-countries-take-steps-to-reduce-reliance-on-us-dollar-for-trade-settlements/
Tue, 04 Apr 2023 01:50:02 +0000https://www.digit.info/2023/04/04/asean-countries-take-steps-to-reduce-reliance-on-us-dollar-for-trade-settlements/Read more]]>The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo. ASEAN Countries […]
The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. […]
The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo. ASEAN Countries […]