A mix of geopolitical uncertainties, monetary shifts, and currency hedging is prompting a meaningful move toward de-dollarization across the region.

KEY POINTS

While de-dollarization is not exactly a new phenomenon, the narrative has changed.

De-dollarization in ASEAN is expected to pick up pace, according to the Bank of America.

Some Asian economies have the greatest potential to repatriate their foreign earnings or assets back to their local currencies.

  • phdepressed@sh.itjust.worksEnglish
    21·
    16 days ago

    That’s a problem no matter who is in charge. Think China, Russia, etc would act any different with that same power? Theoretically, a blockchain currency could be a solution but as is they’re either a scam or investment rather than currency.