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Search result with “Local Currency Settlement” as a keyword founded 24 news.
ASEAN Digital Pact to Drive Cross-Border Payments
... have been banking on this local currency transaction agreement to shift away ... relevant priorities are settlement efficiency, foreign exchange conversion cost, currency risks, and ...Special Updates Oct 13, 2026 | 11:31 am
Indonesia Pushes Rupiah-Yuan, Rupiah-Ringgit Trade to Reduce Dollar Demand
... that Indonesia has expanded its Local Currency Transaction (LCT) framework ... Indonesia has been expanding local-currency arrangements with trading partners ... two separate currency conversions. For example, without direct local-currency settlement, an ...Business Sep 30, 2026 | 3:20 pm
BRICS Indirectly Hits Out at Trump’s Tariffs, WTO Paralysis
... , two-tier binding WTO dispute settlement mechanism”, according to the declaration ... must also evolve." "Trade and currency must not be weaponized”, Prabowo ... in India for BRICS Talks, Local Currency on AgendaBusiness Sep 12, 2026 | 10:33 pm
Prabowo Lands in India for BRICS Talks, Local Currency on Agenda
... BRICS Summit late Friday local time, as local currency talks gain momentum in ... the group would push for local currency settlement. Countries have been trying to ... economy, trade, … as well as local currency settlement, … and the push for a transparent ...News Sep 12, 2026 | 12:11 pm
Beijing Backs Indonesia’s Yuan-Denominated Bond Issuance: Purbaya
... projects and aligns with existing local currency settlement cooperation between Indonesia and China ...Business Jun 18, 2026 | 10:59 pm
Indonesia to Establish Renminbi Clearing Bank to Deepen Financial Ties With China
... memorandum of understanding on local currency transactions involving Indonesia and Hong ... This cooperation strengthens the existing local currency transaction framework, encourages greater ... efficiency of clearing and settlement processes for Indonesia-China ...Business Jun 11, 2026 | 11:26 pm
Bank Indonesia Pushes De-Dollarization Efforts as Rupiah Nears Rp 18,000 Per Dollar
... US dollar by expanding local currency transaction cooperation with trading ... extending pressure on Indonesia’s currency amid ongoing global uncertainty. Bank ... statement. In addition to expanding local currency settlement arrangements, the central bank has ...Business Jun 3, 2026 | 4:55 pm
Investors Dump Indonesian Stocks as Export Controls Shock Market
... line with growing Indonesia-China local currency settlement transactions, which have exceeded $25 ... sukuk, as well as foreign currency-denominated government bonds and sharia ...Business May 22, 2026 | 9:32 am
Businesses Adapt as Indonesia Pushes De-Dollarization
... data show transactions under the local currency transaction (LCT) framework surged ... Indonesia Accelerates De-Dollarization as Local Currency Transactions Surge 163% Businesses ... hopes wider adoption of local currency settlement will provide greater certainty ...Business Apr 24, 2026 | 8:06 am
No More Dollar: China-ASEAN Cross-Border Yuan Use Nears $1.3 Trillion
... in the lead with its local currency settlement that took effect in September ... 2021. The cumulative renminbi settlement with Indonesia hit 46.2 billion ... central bank had inked bilateral local currency settlement deals with its Indonesian, Vietnamese ...Business Mar 26, 2026 | 7:05 pm
ASEAN Between China and the US: Navigating a ‘No Single Power’ Global Order
... also intensifies competitive pressure on local industries. China’s export share to ... . Strengthening regional supply chains, promoting local currency settlement, and expanding regional payment systems ...Opinion Dec 8, 2025 | 8:35 pm
Bye Dollar: Indonesia-China Local Currency Transactions Near $7 Billion
... Bank of China, established the local currency settlement framework in 2021, which cleared ... payments items after launching the local currency transaction framework in September. This ... had previously reported that the local currency transactions with China had ...Business Nov 4, 2025 | 9:49 am
No Talks of BRICS Currency at Rio Summit, Indonesia Says
... alliance to explore the currency proposal to reduce vulnerability ... mention the BRICS common currency. However, the 126- ... as well as an independent settlement system. The joint statement ... its capacity to expand local currency financing and diversify funding ...News Jul 7, 2025 | 6:22 pm
Russia Seeks Local Currency Deal with Indonesia as BRICS Members De-Dollarize
... engaged in talks to explore a local currency settlement deal as Indonesia joined the ... in the deal remained unchanged. “Local currency settlement is one of the options ... that talks were underway for local currency settlement with Jakarta. Indonesia’s entry into ...Business Apr 14, 2025 | 3:08 pm
BRICS ‘Strong Enough’ to Not Buckle under Trump’s Pressure, Russia Says
... issues, be it by establishing a currency or implementing cross-border payments ... creating an entirely new currency. Russia is pursuing local currency settlements with BRICS ... -dollarization with the rise in local currency settlement deals, Mari Elka said that ...News Jan 21, 2025 | 7:30 am
BRICS’ Indonesia, Russia in Talks to Use Local Currencies for Trade
... are already discussing the [local currency] systems,” Russian Ambassador to ... any deadline to this local currency settlement deal. “The most ... creating an entirely new currency from scratch. “The ... Indonesia is already using local currencies when trading with ...News Jan 20, 2025 | 3:39 pm
Chinese Economist: Indonesia’s Global Influence to Grow with BRICS Membership
... of the US and its currency. “The global political landscape is ... ,” she said. “Indonesia already has local currency settlement frameworks with countries like China ...Business Jan 11, 2025 | 3:55 pm
‘Indonesia is Too Big to Lean on Any Country’: Luhut Defends BRICS Membership
... alliance should they create a rival currency to the dollar. Foreign Affairs ... the dollar. It has established local currency settlement frameworks with economies like China ...News Jan 9, 2025 | 3:07 pm
New BRICS Member Indonesia Unfazed by Trump’s Tariff Threats
... if they pursue creating a rival currency to the US dollar. The ... transact in. Indonesia already has local currency settlement frameworks with countries like China ...Business Jan 8, 2025 | 1:27 pm
Indonesia Calls for Stronger ASEAN-China Green Economy Cooperation
... -border payments as well as local currency settlement. Li also vowed to increase ...Special Updates Oct 10, 2024 | 3:21 pm
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