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ASEAN leaders are discussing a reduction in dependence on major currencies such as the US Dollar and Euro through the Local Currency Transaction (LCT) scheme. This decision is an extension of the LCT scheme, which has already been agreed upon by Indonesia, Malaysia, Singapore, the Philippines, and Thailand to use local currencies for cross-border trade transactions. On the other hand, a decision by ASEAN to disengage from Western currencies, particularly the US Dollar and Japanese Yen, could put pressure on Tokyo, particularly regarding its future trade alignments with the United States or Asia. Could we be witnessing a pending ASEAN currency trade decision? Is LCT the best option ? Is there a better alternative for world trading ? what do you think ? comment below <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b41c721f4b794741885ab39b493ad5fa.png" />#KOMnews #kommunitas #asean #investment #currencytrade #trade #cryptonews #cryptoupdate #cryptoworld

Reducing Dependence: ASEAN States Consider Dropping US Dollar, British Pound, Euro and Yen.

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