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Asean

asean-countries-take-steps-to-reduce-reliance-on-us-dollar-for-trade-settlements

ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements

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The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo. ASEAN Countries […]

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india-to-facilitate-international-settlements-in-rupees-to-reduce-dependence-on-the-us-dollar

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for

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