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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[–] Rentlar@lemmy.ca 58 points 2 days ago (2 children)

Well we know that any power the world gives to the United States can be used by a petulant, insecure man-baby to serve nobody's ends but his own.

So yeah, America, if you had made better decisions, you would still be deserving of the title of the world's reserve currency. But here we are, times are a-changing.

[–] match@pawb.social 6 points 2 days ago (1 children)

American here, I'm hoping the diminishing of the American empire will finally allow for people's power to take hold in the government. Something about China and crisis and opportunity.

[–] Bravo@eviltoast.org 6 points 2 days ago

I don't think history supports that prediction. Far more likely that America will follow the trajectory of post-USSR Russia. Not as extreme of course, but I think the normalization of open kleptocracy is already on display.

[–] frunch@lemmy.world 0 points 2 days ago

times are ~~a-changing~~ a-ching-ching 🤑