10 ASEAN Countries Push Back Against the US Dollar
The Association of Southeast Asian Nations (ASEAN) is strongly pushing back against the US dollar’s global hegemony. The alliance is looking to settle trade in local currencies and bolster their native economies and GDPs. The bloc is looking to advance the de-dollarization agenda and limit the usage of the US dollar in global trade. Also Read: The U.S. Dollar Could Get More Stronger in 2025 Read here to know how many sectors in the US will be affected if developing countries ditch the dollar for trade. Not just the ASEAN bloc, alliances around the world have been pushing back against the growing hegemony of the US dollar. The Shanghai Cooperation Organization (SCO), the Commonwealth of Independent States (CIS), and the BRICS bloc are looking to cut ties with the USD. Also Read: De-Dollarization: 2 Countries Mutually Abandon the US Dollar For Trade ASEAN Alliance Looks To End Reliance on the US Dollar Source: Beawiharta Beawiharta / Reuters / cfr.org The ASEAN alliance consists of ...