ASEAN DEDOLLARIZING: Thailand, Malaysia & Indonesia Scale Down Dollar Use

#ASEAN #DEDOLLARIZING: #Thailand, #Malaysia & #Indonesia Say Goodbye To The Dollar When Dealing With Each Other

Indonesia, Malaysia, and Thailand have already signed a three-way agreement promising to promote the use of #local #currencies in #bilateral #trade #deals. A joint statement released by the central banks of all three nations noted that the objective of the deal was to increase trade by offering an accessible and efficient means of local currency settlements.