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Asia must rely less on dollar to cushion shocks: ADB chief

Asakawa proposes currency basket system as virus hits region's economies

A woman wearing protective mask stands as she waits for a commuter train at a station in Jakarta on March 2.   © Reuters

JAKARTA -- The president of the Asian Development Bank said Wednesday that Asia should reduce its dependence on the dollar to bolster its resistance to global shocks such as the new coronavirus outbreak.

"In the future, we should really try and create some kind of a currency system that is a bit more independent of the dollar currency system," Masatsugu Asakawa said in a group interview in Jakarta.

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