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SE Asian countries to trade in local currencies to handle forex fluctuation risks 

Forex - investment
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In a recent development, the Asian finance heads have agreed to switch over Japanese Yen and Chinese Yuan with US dollar in case of the possible financial crisis. The step of exchange by regional nations is a development towards the future to promote ability to handle forex crisis situations like 1997, caused by dependency on US denominated trade. The central banks of South Korea, China and Japan..
Date Published: May 07, 2019
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