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.

  • Match!!@pawb.socialEnglish
    71·
    3 days ago

    American here, I’m hoping the diminishing of the American empire will finally allow for people’s power to take hold in the government. Something about China and crisis and opportunity.

    • Bravo@eviltoast.orgEnglish
      6·
      3 days ago

      I don’t think history supports that prediction. Far more likely that America will follow the trajectory of post-USSR Russia. Not as extreme of course, but I think the normalization of open kleptocracy is already on display.