Economy / FinanceAsiaEuropeNorth America

ASEAN Finance Ministers Consider Ditching U.S. Dollar, Euro for Financial Transactions


Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) have met and discussed ways to ditch the dollar and euro in their financial transactions and move to settlements in local currencies. The meeting took place in Indonesia and revolved around finding ways to reduce dependence on western currencies, such as the U.S. Dollar, Euro, Yen and British Pound through the Local Currency Transaction (LCT) system, an extension of a previous settlement system that has started to be implemented among ASEAN member states and allows local currencies for trade. An agreement on a similar system was…

This content is for Q17c Membership, Classified Membership, and LifeTime Patriot Membership members only.
Login Join Now
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

[CLIP] Alex Epstein: The Truth About the ‘Net-Zero’ Movement and the Anti-Human Ideology Fueling It

Previous article

Radical Acceptance Exercises for Managing Suffering

Next article

You may also like


Comments are closed.