De-Dollarization Accelerates: The Beginning of the End for US Dollar Hegemony in Southeast Asia?

Source: LRC
Published: Jan 17, 2023
Author: Timothy Alexander Guzman
Post Date: 2023-01-17 23:18:49 by Charles_Byrd
Views: 242

The US is facing major moves by the global community to de-dollarize their economies. The reserve status of the US dollar will eventually come to an end, maybe not anytime soon, but sometime in the future as it is facing numerous challenges not only from major powers such as Russia and China who are actively trying to rid themselves of the toxic currency, but also countries with smaller economies who are based in the Southeast Asian region which includes Singapore, Malaysia, Indonesia, Cambodia, Thailand, and Laos.

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