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.

  • UnderpantsWeevil@lemmy.worldEnglish
    141·
    3 days ago

    Petrodollar has value because its used to purchase petroleum from the Saudis.

    If you’re not using dollars to buy Saudi petroleum, you need a lot less of them.