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10 ASEAN Countries To Ditch the U.S. Dollar (watcher.guru) Published by markskidmore Mark Skidmore is Professor of Economics at Michigan State University where Hace 1 día The United States ranks first in cumulative foreign direct investment (FDI) in ASEAN as well, totaling nearly $480 billion in 2025 – almost twice the amount of combined U.S. Over the decades, many countries have been noted for vying for a multipolar narrative, promoting the usage of local currency to rival the US dollar. They have been doing Amid debt-ceiling crisis, the issue of de-dollarisation by ASEAN countries looms over the United States. 10 ASEAN nations are on the verge of de-dollarisation. The members of the ASEAN have agreed to promote their native currencies. The global superpower- the United The murmurs of ASEAN dumping the U.S. dollar earlier caught pace in 2025 when the countries contemplated embracing local currency narratives to promote regional supremacy. The 1 de may. de 20 ASEAN countries that are looking to stop using the U.S. dollar for trade are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore 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 The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US dollar. China, Russia, Brazil

10 US Sectors Facing Turmoil if ASEAN Ditches the Dollar

The whispers of ASEAN de-dollarization are growing louder. With 10 ASEAN nations – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam – increasingly promoting local currency use, the potential impact on the US economy is significant. The murmurs of ASEAN dumping the U.S. dollar earlier caught pace in 2025 when the countries contemplated embracing local currency narratives to promote regional supremacy.

While the United States holds a substantial foreign direct investment (FDI) stake in ASEAN, totaling nearly $480 billion in 2025 (almost twice the amount of combined U.S.), a shift away from the dollar could destabilize key US industries. The de-dollarization campaign, gaining momentum globally, fueled by countries like China, Russia, and Brazil seeking alternatives to the US dollar's hegemony, presents a serious challenge. Amid debt-ceiling crises, the issue of de-dollarisation by ASEAN countries looms over the United States.

Which US Sectors are Most Vulnerable?

Here are 10 US sectors that could be significantly affected if ASEAN countries ditch the dollar:

  1. Financial Services: Reduced demand for US dollars would weaken the dollar's global standing, impacting US banks and investment firms.
  2. Technology: US tech giants heavily rely on exports to ASEAN. Currency fluctuations could make US tech products less competitive.
  3. Agriculture: Agricultural exports to ASEAN, a significant market, could face price pressures, hurting US farmers.
  4. Manufacturing: US manufacturers exporting to ASEAN may see reduced profits due to currency exchange rate differences.
  5. Energy: The energy sector, especially LNG exports, could be affected by changes in payment currencies.
  6. Aerospace & Defense: Reduced economic ties with ASEAN could indirectly impact the aerospace and defense industries.
  7. Consumer Goods: Companies selling consumer goods in ASEAN could face lower profit margins.
  8. Pharmaceuticals: The pharmaceutical industry's reliance on ASEAN markets makes it vulnerable to currency shifts.
  9. Automotive: US auto manufacturers exporting to ASEAN could see a decrease in demand.
  10. Tourism: A weaker dollar might make the US a less attractive destination for tourists from ASEAN countries.

The global superpower – the United States – needs to carefully monitor this trend. As Mark Skidmore, Professor of Economics at Michigan State University, has noted, the promotion of local currencies by ASEAN countries is a significant development. 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.

Source: 10 ASEAN Countries To Ditch the U.S. Dollar (watcher.guru) Published by markskidmore Mark Skidmore is Professor of Economics at Michigan State University where

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