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De-dollarization is a new phenomenon that has been compelling nations lately to explore beyond the US dollar. As the US dollar decays, battered heavily with fierce Trump policies and agendas, major nations and alliances, including ASEAN, have now started to explore alternatives that help them stabilize their economy. In one such instance, ASEAN has now decided to deploy the route of diplomacy to embrace China over the US, as uncertainties spurred by US tariffs continue to loom on top of their heads. This news is, however, a damaging development for the US economy, as ASEAN trade with the US involves $3.8 trillion worth of exchange of money and services. Also Read: De-Dollarization: Bank of America Reveals Why ASEAN Is Ditching USD Two Ways ASEAN’s De-Dollarization Move Could Injure the US Economy 1. Reduced USD Demand Source: Watcher.Guru The ASEAN bloc has long been discussing ditching the US dollar. The plan was already in motion, as the block had discussed multiple times, to target ...

The ASEAN alliance has officially released a roadmap to reduce reliance on the US dollar and use local currencies for cross-border transactions between 2026 to 2030. During the recently held 46th summit in Kuala Lumpur, the alliance signed off with a multipolar structure to adhere to until the end of this decade. ASEAN: Roadmap to Uproot the US Dollar Begins From 2026 to 2030 Source: Beawiharta Beawiharta / Reuters / cfr.org ASEAN will not immediately end US dollar dependency but will begin to slowly cut ties from 2026 to 2030. The bloc has embedded this goal in the recently published policy titled ‘Economic Community Strategic Plan 2026–2030‘ . It aims to minimize investments in the US dollar and maximize local currency usage for all deals hereon. Also Read: De-Dollarization: 40% of Foreign Transactions Now in the Chinese Yuan Therefore, from 2026, the local currencies of ASEAN countries could challenge the US dollar in the forex markets. The development could lead to a shi...

ASEAN bloc challenges US influence as the organization has catalyzed various major diplomatic shifts by preparing to admit Timor-Leste as its 11th member this October 2025, as revealed at the 46th ASEAN Summit in Kuala Lumpur, Malaysia. This expansion has accelerated several key threats to US economic dominance while Pacific trade relations face strain from geopolitical investment risks across numerous significant regional sectors. Also Read: Goodbye US Dollar: ASEAN Nations Sign Deals To Trade in Local Currency How Pacific Trade Shifts Impact Us Economic Dominance And Markets Source: EPA-EFE / Fazry Ismail / VCG / GlobalTimes.cn Pacific Competition Intensifies Through Strategic Realignment The Pacific has revolutionized into a critical arena where ASEAN bloc challenges US presence through various major strategic partnerships, and Australia has spearheaded security components into bilateral agreements, even in areas such as rugby partnerships with Papua New Guinea. These moves have le...

Donald Trump is a force to be reckoned with in the current US presidential campaign. The former US president’s strong and bold opinions have overtaken the world. In particular, Trump’s stance on the US dollar has been grabbing mainstream attention lately. His latest comments on adopting a tariff strategy to bolster the US dollar may jeopardize the global de-dollarization agenda, with BRICS and ASEAN nations taking the most heat in this global battle for currency dominance. Here are the five ASEAN nations that may suffer if Trump is elected as the president of the United States again. Also Read: Toncoin (TON) Defies Market Trend, Predicted To Hit All-Time High 5 ASEAN Nations To Suffer The Most If Trump Is Elected As US President Image Source: Pixabay ASEAN nations have long been encouraging the de-dollarization narrative. The alliance was busy curating plans to ditch its reliance on the US dollar by conducting trade in local currencies. However, the idea of such nations ditching t...

One of the leading ASEAN nations, Indonesia, may suffer colossal consequences if it pursues the idea of de-dollarization. The nation is highly dependent on the US dollar for multiple purposes. While the collective ASEAN nations are busy curating their currency, launching a currency rivaling the US dollar may significantly backfire, ushering in mayhem for the ten bloc nations. Also Read: ASEAN Unity At Risk Amid Divergent Path Concerns Potential Consequences of De-Dollarization for Indonesia Source: Beawiharta Beawiharta / Reuters / cfr.org Economic Implications ASEAN nations are busy creating their currency systems. This system is being prepared to launch a unified approach to currency dynamics and, at the same time, create a contemporary currency capable of rivaling the US dollar and the euro. Despite its grand ideations, the derailment of the US dollar can prove lethal for these nations as a collective. Indonesia, in particular, can experience stark economic implications that could w...

The US dollar has taken a rough downturn in terms of its valuation. On Monday morning, the world woke up to a stark stock downturn as US markets bled red on fears of potential recession and WW3 looming over. The downturn later crept into the cryptocurrency world, compelling Bitcoin to drop dramatically. As major global indices and cryptos took a hit, the US dollar catalytic drop further added fuel to the growing financial fire. As several ASEAN nations depend on the US dollar for diverse trade proceedings, a weak US dollar may have specific key implications for the nations most reliant on it. Also Read: ASEAN : De-Dollarization Domino Effect, Top 5 Countries Most At Risk ASEAN: Five Nations At Risk Due To Weak US Dollar Source: Beawiharta Beawiharta / Reuters / cfr.org ASEAN , also known as the Association of South East Asia, has relied heavily on the US dollar. Here are some key points: Reliance on USD : ASEAN nations depend on the US dollar for diverse trade proceedings. Exploring ...

The U.S. dollar is now attracting stiff competition from the constantly evolving multipolar currency narrative. With the BRICS ditching the U.S. dollar officially, it seems that the new world order is emerging, where local currencies are now reigning supreme. Joining in the queue are the latest ASEAN members, the robust ten-country power pact, which may hamper some of the US dollar prospects if they decide to join forces with the leading world allies. Also Read: US Dollar: Here’s Why The Idea Of De-Dollarization Is A Big Fat Lie Multipolar Concept Shaping the World Source: iStock The murmurs of ASEAN dumping the U.S. dollar earlier caught pace in 2023 when the countries contemplated embracing local currency narratives to promote regional supremacy. The ASEAN nations, which comprise Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, had earlier conducted a meeting to end their reliance on the USD, Euro, Yen, and B...