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Date Posted: 19:00:12 3/30/23 Thu
Author: Jasper
Subject: 100 countries

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Translation: The ASEAN countries - the Association of Southeast Asian Nations - will discuss moving away from major currencies such as the dollar and the euro and moving to local currency settlements. This issue will be on the agenda of the meeting of finance ministers and central bankers of the countries, which will be held in Indonesia. The publication clarifies that we are talking about a digital system, thanks to which residents of one country of the association will be able to pay for goods and services of another country in their own currency. Indonesia, Malaysia, Singapore, Philippines and Thailand have already signed a cooperation agreement on this project. It is worth recalling that in mid-March, Indonesian President Joko Widodo called on regional authorities to abandon Mastercard and Visa. He suggested using credit cards issued by local banks to protect money transactions from "possible geopolitical consequences."

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