Rejoice Australia you are being dragged out of the US fiat currency some would say. Thou the AUD is its own fiat currency. To be honest, I have no idea what it all means but it looks like there is another bloc in the neighborhood and this one is next door to Australia with no US dollar necessary.
20 May 2023 - After BRICS, 10 ASEAN Countries Ditch The U.S. Dollar
ASEAN is a bloc of 10 countries that compromise Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Therefore, after BRICS, it is the ASEAN bloc of countries that is looking to follow suit.
The 10 nations have jointly accepted to reduce U.S. dollar payments and increase global settlement in native currencies. Moreover, international trade will be settled within the existing bloc of 10 countries and not with other nations out of the ASEAN alliance.
https://cryptorank.io/news/feed/1edf3-after-brics-10-asean-countries-ditch-the-u-s-dollar
Here is Dfat's blurb about ASEAN
ASEAN and Australia
Australia sees ASEAN at the centre of a stable, peaceful, prosperous and secure region, where all states contribute to a strategic equilibrium. ASEAN is of profound significance for Australia’s future, and our strong relations reflect close to half a century of cooperation.
Australia became ASEAN’s first Dialogue Partner in 1974. Through major ASEAN-led arrangements, such as the East Asia Summit, ASEAN Regional Forum, ASEAN-Defence Ministers' Meeting-Plus, we collaborate closely and on the region’s trade and economic agenda. We strongly support the principles of the ASEAN Outlook on the Indo-Pacific (AOIP)
Since 2013, Australia has a resident ambassador accredited to the ASEAN Secretariat in Jakarta.
Trade and investment
ASEAN is a key trading partner for Australia. In 2021, Australia's trade with ASEAN countries was $127.1 billion, which is greater than our two-way trade with Japan and the United States. Our two-way investment with ASEAN in 2021 was $248.7 billion.
Our strong trade links are supported by our regional and bilateral free trade agreements. This includes the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) and the Regional Comprehensive Economic Partnership Agreement (RCEP), which are pathways for Australian business to tap into ASEAN and the ASEAN Economic Community.
ASEAN-Australia Comprehensive Strategic Partnership
In October 2021, ASEAN and Australia made the historic decision to establish a Comprehensive Strategic Partnership (CSP). Our current focus is on implementing the CSP package.
Continue reading at https://www.dfat.gov.au/geo/southeast-asia/asean-and-australia