Bisnis, JAKARTA – The dedollarization movement is gaining traction. Asian central banks have signed multiple agreements to settle various types of transactions in local currencies. At the same time, China has supported the use of the yuan as a partner of many nations.
Indonesia's Breakthrough in the Face of Global Dedollarization
The popularity of the dollar has declined in tandem with the frantic agreements of countries to deal in their indigenous currencies, both bilaterally and multilaterally. Meanwhile, the global economic crisis and geopolitical competition have increased the usage of the yuan.
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