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The ASEAN Secretariat officially announced that the alliance is not abandoning the US dollar for trade. Secretary-General Kao Kim Hourn told AFP that ASEAN is not “giving up dollars” to mitigate risks emerging from Trump’s tariffs. The statement comes after the alliance discussed various de-dollarization plans at the 2023 summit. The bloc pushed local currency settlements for cross-border transactions to avoid using the US dollar for payments. However, ASEAN has now taken a U-turn and confirmed that it will use the US dollar for trade and transactions. While the bloc agreed that they prioritize local currencies, the USD will also be used for trade. Also Read: Dollar Reigns Supreme: 89% of World Transactions in USD ASEAN Will Not Ditch the US Dollar, Confirms Secretariat Source: AFP Standard Chartered’s Global Head of Research and Chief Strategist Eric Robertsen said that ASEAN cannot challenge the US dollar. He explained that the greenback has solid global backi...

ASEAN’s 2045 vision was officially adopted on May 26, 2025, and right now, various major Southeast Asian leaders have spearheaded the historic Kuala Lumpur Declaration during the 46th ASEAN Summit. Through several key diplomatic initiatives, this comprehensive framework has accelerated digital economy in Southeast Asia development, and also catalyzed ASEAN financial integration initiatives across numerous significant member states. Involving multiple essential climate resilience ASEAN programs, the declaration has revolutionized regional innovation policy through 2045, and at the time of writing, commits ASEAN to becoming a resilient, innovative, dynamic, and people-centred community. Also Read: China CBDC Deal With 10 ASEAN & 6 Middle Eastern Nations – Real or Fake How ASEAN 2045 Aims for Digital Growth, Climate Action, and Unity Source: EPA-EFE / Fazry Ismail / VCG / GlobalTimes.cn Across several key institutional frameworks, ASEAN’s 2045 vision has succeeded the ASEAN 20...

ASEAN nations, comprising ten Southeast Asian countries, are gearing up to launch a new currency. This currency, currently under construction, intends to rival the US dollar and carve out its global positioning. Discussion about the ASEAN US dollar competition is intensifying as the launch date approaches. With rising US debt metrics and the weaponization of the US dollar, calls to derail the US dollar have grown fiercely loud. Will ASEAN’s bold move to injure the USD’s prestige ever fructify? Let’s find out. Also Read: Shiba Inu (SHIB) & Dogecoin (DOGE) Weekend Price Prediction Why is ASEAN Moving Away From The US Dollar? ASEAN nations are collectively working towards launching their currency systems with a multipolar currency narrative in mind. The purpose of spearheading the local currency agenda is to reduce its growing dependence on the US dollar. Research conducted by ICS shows that a significant portion, exceeding 80%, of the outstanding international debt securities within...

The ASEAN pact, consisting of ten Southeast Asian nations, is currently embroiled in a heated speculative bandwagon. The nations are reportedly pursuing diversification strategies, including alliances like BRICS, which may ultimately damage their historic international unity. Also Read: Shiba Inu 4 Month Forecast: Here’s How SHIB May End 2024? Is ASEAN to Disintegrate? Source: Reuters Rumors of ASEAN nations pursuing independent diversification strategies are now catching pace. The pact has always projected a unified stance on international order, including launching an intercultural approach to bolster its global presence. However, in the midst of it, Thailand, Indonesia, and Malaysia are pursuing different expansion strategies that may cause a significant rift between them and the other ASEAN nations. Malaysia’s Pursuit of BRICS Alliance It is well-known that Malaysian Prime Minister Anwar Ibrahim is aggressively pursuing the BRICS alliance. The admissions application to initiat...