this post was submitted on 12 Jun 2025
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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.

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[–] UnderpantsWeevil@lemmy.world 13 points 3 days ago

Petrodollar has value because its used to purchase petroleum from the Saudis.

If you're not using dollars to buy Saudi petroleum, you need a lot less of them.