Is ASEAN on the verge of a new currency? The Centre for Market Education (CME) urges ASEAN to devise a currency that tackles US Dollar & Euro dominance. Amidst fluctuating global markets and growing economic uncertainties, the CME has issued a strong call for the 10-Nation Bloc to Develop Its Own Currency System, advocating for deeper cooperation among regional central banks.

CME Urges ASEAN Currency Creation: A Bold Move Against Dollar Dependence

The Center for Market Education, or CME, has shared in a new statement its vision for ASEAN to work on a new monetary framework. This isn't just about diversification; it's about building regional resilience. PETALING JAYA: Centre for Market Education (CME) has put forward a proposal for a new monetary system featuring a unified currency amidst growing concerns over the fluctuating strength of major global currencies. In a recent statement, the CME emphasized the need for ASEAN to collaborate on establishing a new monetary framework that promotes regional currency stability.

ASEAN Explores Currency Possibilities: Local Currencies & Regional Payment Connectivity

This call comes as ASEAN members have agreed to increase the use of local currency transactions and push for a better regional payment connectivity, in a move that could be seen KUALA LUMPUR: The Centre for Market Education (CME) has called for... (a significant step towards reduced reliance on the USD and Euro). The ministers and governors are exploring the possibility of establishing a new currency that would be used for intra-ASEAN trade and investment. This move is in line with the broader goal of economic integration and self-sufficiency within the ASEAN region. The CME's proposal adds momentum to this ongoing discussion.

Will ASEAN heed the CME's call and embark on the ambitious journey of creating a unified currency? The economic landscape is ripe for change, and ASEAN may be poised to lead the way.