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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. […]
]]>India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
https://www.digit.info/india-to-facilitate-international-settlements-in-rupees-to-reduce-dependence-on-the-us-dollar/
Mon, 03 Apr 2023 09:34:57 +0000https://www.digit.info/2023/04/03/india-to-facilitate-international-settlements-in-rupees-to-reduce-dependence-on-the-us-dollar/Read more]]>The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]
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 government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]