Why ASEAN Isn’t Using the US Dollar as Much Anymore
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最新报道：ASEAN nations are increasingly reducing reliance on the US dollar in trade settlements, shifting toward local currencies amid geopolitical tensions and economic uncertainties. The bloc's finance ministers and central bank governors recently agreed to promote local currency transactions to cut dollar dependency, enhance financial stability, and mitigate exchange rate risks. Indonesia, Malaysia, Singapore, and Thailand have already implemented bilateral local currency settlements, while Cambodia, Laos, Myanmar, and Vietnam explore similar arrangements. This move aligns with broader de-dollarization trends, as countries like China and Russia also seek alternatives to the dollar-dominated global financial system.
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