1,5 min read – Asia Ditching the Dollar – Regional Swap Network Rising – Is the USD Empire Finally Crumbling? Asia’s emerging “swap system” includes: ➡️ a network of bilateral currency swap agreements ➡️ the multilateral Chiang Mai Initiative Multilateralization (CMIM) ➡️ and ASEAN’s Local Currency Transaction (LCT) framework. These tools enable countries to settle trade and investments directly in […]









