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Search result with “Local Currency Transaction” as a keyword founded 26 news.
Indonesia Seeks Fast-Track Panda Bond Approval from China
... and reduce reliance on a single currency or financial market. Read More ... also in line with the local currency transaction cooperation that has been established ...Business Jun 19, 2026 | 1:58 pm
Indonesia to Establish Renminbi Clearing Bank to Deepen Financial Ties With China
... financial cooperation and local-currency transactions between Indonesia ... memorandum of understanding on local currency transactions involving Indonesia and ... cooperation strengthens the existing local currency transaction framework, encourages greater use ...Business Jun 11, 2026 | 11:26 pm
Gov't Deploys Rp 8 Trillion in Bond Market as Rupiah Weakens Beyond Rp 18,000 a Dollar
... debt-servicing burden in local currency terms. However, he said ... dollar by expanding bilateral local currency transaction arrangements with China, Japan ... trade transactions conducted under the Local Currency Transaction framework reached approximately $22.7 ...Business Jun 4, 2026 | 2:52 pm
Rupiah Hits Record Low Against Singapore Dollar at Rp 14,029
... for cash purchases of foreign currency against rupiah without underlying transactions ... also expanding the use of Local Currency Transaction (LCT) arrangements with partner ... Domestically, seasonal demand for foreign currency has also intensified pressure on ...Business Jun 3, 2026 | 7:15 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 partners, ... . In addition to expanding local currency settlement arrangements, the central ... month without additional underlying transaction documentation requirements. Ramdan said ...Business Jun 3, 2026 | 4:55 pm
Bank Indonesia Sees Sharp Rise in Non-Dollar Bilateral Transactions
... central bank has already implemented local currency transaction arrangements with China, Japan ... in Makassar. Under the local currency transaction framework, businesses can settle ... According to Ruth, the local currency transaction policy also plays an ...Business May 22, 2026 | 2:32 pm
Bank Indonesia Allows Export Earnings Deposits in Non-US Currencies
... foreign-exchange market, including through local currency transaction cooperation with China. “Chinese ... said. He added that local currency transaction cooperation between Indonesia and China ... this year the monthly transaction value has already reached around ...Business May 22, 2026 | 1:42 pm
‘No Dollar, No Problem’: Indonesia’s Biggest Banks Connect to Alipay and WeChat Pay
... respective apps. Read More: Currency Swaps May Support Rupiah Short ... bank, cross-border QR transaction values surged 137% year- ... QR codes without needing currency exchange or even login ... Accelerates De-Dollarization as Local Currency Transactions Surge 163%Business May 7, 2026 | 1:29 pm
Indonesia Market Sinks 6.6% in a Week, $52 Billion Wiped Out
... decline, pressured by global uncertainty, currency weakness and a review by MSCI ... a week earlier, while average daily transaction frequency increased 1.09% to 2.75 ... , while maintaining existing constraints on local equities following earlier concerns that ...Business Apr 25, 2026 | 9:53 am
Businesses Adapt as Indonesia Pushes De-Dollarization
... data show transactions under the local currency transaction (LCT) framework surged 163% ... Indonesia Accelerates De-Dollarization as Local Currency Transactions Surge 163% Businesses say ... hopes wider adoption of local currency settlement will provide greater ...Business Apr 24, 2026 | 8:06 am
De-Dollarization Drive: Indonesia-China Cross-Border QRIS Payments to Launch Next Week
... during the trial phase alone, transaction volume reached 1.64 million transactions ... : Indonesia Accelerates De-Dollarization as Local Currency Transactions Surge 163% She said ... , and reliable. Total digital payment transaction volume reached 14.82 billion ...Business Apr 22, 2026 | 10:03 pm
ASEAN Aligns Policy Tools to Navigate Global Uncertainty
... Account Liberalisation framework, and expanding Local Currency Transaction (LCT) usage. The bloc also ...Business Apr 13, 2026 | 7:23 pm
Indonesia Accelerates De-Dollarization as Local Currency Transactions Surge 163%
... in early 2026. Under the local currency transaction (LCT) framework, total transactions ... regional financial cooperation and expanding local currency usage. Ferry noted that Indonesia ... , reduce transaction costs, and expand the use of local currencies in ...Business Apr 13, 2026 | 2:53 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 ... and regulatory coherence will lower transaction costs for firms. Full ... Strengthening regional supply chains, promoting local currency settlement, and expanding regional payment ...Opinion Dec 8, 2025 | 8:35 pm
BI Expands QRIS Links to Seven Countries to Reduce Dollar Reliance
... Jakarta’s broader push to promote local currency use in regional transactions and ... ’s payment systems, including at the local government level. He reported that ... the 40 million target, while transaction volume hit 10.31 billion ...Business Nov 12, 2025 | 3:35 pm
Bye Dollar: Indonesia-China Local Currency Transactions Near $7 Billion
... Bank of China, established the local currency settlement framework in 2021, which ... payments items after launching the local currency transaction framework in September. This followed ... had previously reported that the local currency transactions with China had ...Business Nov 4, 2025 | 9:49 am
Bitcoin Gains Foothold in Africa’s Largest Slum, Stirring Hopes and Risks
... by AfriBit Africa, a local fintech company aiming to expand ... was designed as a decentralized digital currency. While often used as a ... in bitcoin into the local economy, with waste collectors ... cheap and fast with no transaction fees,” she said, adding ...Tech Jun 9, 2025 | 8:41 pm
Balance of Payment Surplus Reflects External Economic Resilience: Gov't
... in point, Indonesia has pursued local currency transaction mechanisms in its foreign trade ... Bank Indonesia -- have established a national local currency transaction task force. We aim to ... increase the use of local currency transactions by 10 percent in ...Special Updates Nov 22, 2024 | 6:05 pm
Indonesia and South Korea Push Forward De-Dollarization with New Currency Agreement
... a cooperation framework to implement the Local Currency Transaction (LCT) between Indonesia and South ... transactions using local currencies. The cooperation also includes direct currency exchange quotations ...Business Aug 30, 2024 | 4:19 pm
Indonesia, UAE Ink MoU Aimed at Linking Payment Systems
... the two countries under the local currency transaction framework, which is scheduled to ... the UAE signed a MoU on local currency transactions after a growth in non ... to make their transactions in local currencies, be it Indonesian rupiah ...Business Jul 18, 2024 | 9:58 am
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