Asia can reduce its dollar dependence but it won't be easy

Satyajit Das, a former banker, is the author of "A Banquet of Consequences: Reloaded" and "Fortune's Fool: Australia's Choices."

Amid a three-year dollar rally that has increased inflationary pressures and spurred capital outflows from Asia, a growing number of regional leaders are seeking to reduce their countries' dependence on the greenback.