ASEAN to Increase Local Currency Transactions, Reduce USD Reliance

ASEAN to Increase Local Currency Transactions, Reduce USD Reliance

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ASEAN members have agreed to increase the use of local currency transactions and push for a better regional payment connectivity, in a move that could be seen as a continuing shift in de-dollarization in the region. At the 42nd ASEAN Summit, held in Labuan Bajo, Indonesia, ASEAN members signed an…

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