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(28.03.2023, 15:14)Ste Fan schrieb: Step by step:
Zitat:ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard
An official meeting of all ASEAN Finance Ministers and Central Bank Governors kicked off on Tuesday (March 28) in Indonesia. Top of the agenda are discussions to phase out the use of the US Dollar, Euro, Yen, and British Pound from financial transactions and move to settlements in local currencies.
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Indonesian President Joko Widodo has urged regional administrations to start using credit cards issued by local banks and gradually stop using foreign payment systems. He argued that Indonesia needed to shield itself from geopolitical disruptions, citing the sanctions targeting Russia’s financial sector from the US, EU, and their allies over the conflict in Ukraine.
Moving away from Western payment systems is necessary to protect transactions from “possible geopolitical repercussions,” Widodo said.
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A decision by ASEAN to disengage from the West’s currencies and especially the US dollar and Japanese Yen will put pressure on Tokyo especially as where its future trade alignments are – with the United States, or with Asia.
Foreign investors in Asia may wish to consider the amount of US dollars, Euros and Yen held in their accounts in light of a pending ASEAN currency trade decision. Professional discussions should be taken regarding any movement of company funds to alternative currencies.
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https://www.aseanbriefing.com/news/asean...astercard/
