ASEAN: Indonesia Amps Its De-Dollarization Force To Derail US Dollar
ASEAN nations have played quite an active role in voicing their views about the US dollar. The majority of the nation’s citizens have started to ditch the USD for trade, streamlining the local currency agenda. In this wake, Indonesia has adopted a new approach by preparing a de-dollarization task force to promote the usage of local currencies and limit the usage of the US dollar in its trade procedures. Also Read: 10 ASEAN Countries Ready To Ditch The US Dollar For Trade Indonesian De-Dollarization Task Force To Promote Rupiah Rather Than US Dollar Source: Pixlok In its quest to promote its local currency, the rupiah, Indonesia had prepared a special de-dollarization task force. This new force comprised credible government entities and organizations that would push the usage of the rupiah on a global level and, at the same time, limit the usage of the dollar to promote its local currency. The Bank of Indonesia, alongside Indonesia’s Financial Services Authority, the Deposit Insu...