Indonesia has proposed broader use of the Chinese yuan instead of the US dollar in Southeast Asia in order to help protect the national currencies in the region. After all, the Association of Southeast Asian Nations (Asean), which is made up of 10 countries, is China’s largest trading partner.
Indonesia’s Trade Minister Thomas Lembong made the case for the yuan on the sidelines of the 47th Asean Economic Ministers meeting in Kuala Lumpur.
“We should be pushing for a harder, broader use of ...
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