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Organisation’s chief economist says Asia’s central banks not seeking to disrupt currency’s position in region
Asian economies’ preference for the dollar will be dependent on the US continuing to lead the global economy while maintaining stability within its own institutions and financial system, the chief economist of the Asean+3 Macroeconomic Research Office (Amro) tells Central Banking.
Speaking on the sidelines of the Risk Live Asia event in Singapore on September 24, Dong He says the dollar remains the “premier” currency for trade in Asia, notwithstanding this year’s increased trade uncertainties and
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