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Search result with “Local Currency Settlements” as a keyword founded 13 news.
Bank Indonesia Sees Sharp Rise in Non-Dollar Bilateral Transactions
... cross-border trade and financial settlements, surged 309% to $22.61 ... central bank has already implemented local currency transaction arrangements with China, Japan ... reporters in Makassar. Under the local currency transaction framework, businesses can settle ...Business May 22, 2026 | 2:32 pm
Indonesia Banks on Currency Swap with China to Bolster Rupiah
... the scheme is "different from local currency transactions,” which enables Indonesia and ... have repeatedly extended their bilateral currency swap agreement, with the ... focuses on de-dollarization through local currency settlements first,” Bhima told the Jakarta ...Business May 5, 2026 | 9:12 pm
Businesses Adapt as Indonesia Pushes De-Dollarization
... data show transactions under the local currency transaction (LCT) framework surged ... from the Bank of International Settlements and other sources, the dollar ... : Indonesia Accelerates De-Dollarization as Local Currency Transactions Surge 163% Businesses say ...Business Apr 24, 2026 | 8:06 am
No More Dollar: China-ASEAN Cross-Border Yuan Use Nears $1.3 Trillion
... the yuan cross-border settlements with ASEAN had almost ... that around 2.4 trillion yuan settlements registered with ASEAN in 2024 ... the lead with its local currency settlement that took effect ... bank had inked bilateral local currency settlement deals with its ...Business Mar 26, 2026 | 7:05 pm
OCBC One Connect Promotes Stronger Indonesia-China Ties
... China's investment needs with Indonesia's local capabilities. OCBC’s director Martin Widjaja ... operate more efficiently with lower currency risks. OCBC's Role in the ... the appointed cross currency dealer banks for the local currency settlements between the two ...Special Updates Aug 27, 2025 | 11:25 pm
Prabowo Congratulates Albanese on Reelection, Seeks Stronger Indonesia-Australia Ties
... More: Indonesia, Australia Renew $6.2 Billion Currency Swap Deal Indonesia has also ... two countries renewed their bilateral currency swap agreement in March, ... dollars -- or about $6.2 billion -- enabling local currency settlements and reducing reliance on the ...News May 4, 2025 | 8:41 pm
De-Dollarization: Indonesia, India Look Forward to Local Currency Trade
... a memorandum of understanding (MoU) on local currency settlements. The deal would enable exporters ... mentioned the upcoming use of local currency in their bilateral trade. “[ ... confidence that the usage of local currency for bilateral transactions would further ...Business Jan 27, 2025 | 10:08 am
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 members ... dollarization with the rise in local currency settlement deals, Mari Elka said ...News Jan 21, 2025 | 7:30 am
BRICS’ Indonesia, Russia in Talks to Use Local Currencies for Trade
... for us to use financial settlements in American dollars. That’s why ... , we are already discussing the [local currency] systems,” Russian Ambassador to Indonesia ... and sustainable channels of financial settlements,” Tolchenov added. Russian Ambassador to ...News Jan 20, 2025 | 3:39 pm
Bank Indonesia Continues De-dollarization Efforts with RBI Partnership
... of each country's local currency in bilateral transactions between ... to conduct transactions in local currencies, fostering the ... Furthermore, the use of local currencies will reduce transaction ... the efficiency of transaction settlements," stated Erwin Haryono, ...Business Mar 7, 2024 | 4:39 pm
Indonesia Inks Local Currency Transaction Pact with Malaysia, Thailand
... Indonesia has previously established local currency settlement cooperation with ASEAN ... . “Local currency transaction is an expansion of the local currency settlement,” ... -Indonesia’s monthly local currency trade and investment settlements already totaled almost ...Business Aug 25, 2023 | 3:52 pm
Local Currency Settlements Hit $2.1b in Jan-April: Bank Indonesia
... under the framework of the local currency settlement, also known as the ... and investment transactions in the local currency with the said four economies ...Business Jun 27, 2023 | 8:46 pm
Regional Payment Connectivity Must Not Stop at ASEAN-5: Indonesia
... -border payment, instant payment, and local currency transactions, among others. Other aspects ... said. The Bank for International Settlements (BIS) just recently announced the ...Business Mar 28, 2023 | 8:24 pm
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