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Opinion

Oil -- bold Asian bids to dent dollar dominance

Plans for trading in alternative currencies fraught with challenges

| India

Indonesia has made an unusually bold move in its battle to stem foreign exchange outflows. In late October, state-owned oil company Pertamina asked its suppliers of diesel and crude to stop charging in dollars and instead choose the rupiah, or go for the euro, Chinese yuan, Japanese yen or Saudi riyal.

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