ASEAN Unites to Ditch Dollar in Regional Currency Overhaul
Southeast Asian nations are accelerating efforts to reduce dependence on the U.S. dollar through ASEAN’s 2026–2030 Economic Community Strategic Plan, which promotes local currency use in cross-border trade and investment.
The plan aims to cut transaction costs, shield the region from external shocks, and enhance regional payment connectivity. This push aligns with a broader global trend toward de-dollarization, as countries seek greater monetary sovereignty and diversify away from dollar-based systems. Experts view this as a strategic move toward a multipolar monetary order, supported by tools like central bank digital currencies rather than decentralized crypto.
Clever Robot News Desk 2nd June 2025
