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Instant cross-border payments can tie ASEAN together more tightly

Indonesia makes case for reducing reliance on external currencies within bloc

| Southeast Asia
ASEAN leaders pledged to work on a road map to expand regional payment links to all 10 bloc members at the summit in Indonesia in March. (Pool via Reuters)

Dedi Dinarto is an associate with public policy advisory firm Global Counsel in Singapore.

Southeast Asian nations are building links between their national payment networks and working to set up a framework for direct cross-border transactions in their own currencies to accelerate regional economic integration.

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