ASEAN Encourages Expansion of Cross-border Settlement in Local Currencies, De-dollarisation Has Become a Global Trend
- Mei 12, 2023, at 9:01 pm
According to a report by the Vietnam News Agency on May 11, in order to promote regional economic integration, leaders of the Association of Southeast Asian Nations (ASEAN) issued a group declaration on promoting regional payment interconnection and promoting local currency transactions during the 42nd ASEAN Summit. The countries recognize the potential benefits of using their own currencies in enhancing financial resilience, deepening regional financial integration, and strengthening regional value chains, the declaration said.
