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Search result with “Local Currency Use” as a keyword founded 61 news.
Russia Seeks Local Currency Deal with Indonesia as BRICS Members De-Dollarize
... in talks to explore a local currency settlement deal as Indonesia joined ... that talks were underway for local currency settlement with Jakarta. Indonesia’s ... on the American dollar through local currency use. Official government figures showed Indonesia ...Business Apr 14, 2025 | 3:08 pm
De-Dollarization: Indonesia, India Look Forward to Local Currency Trade
... a memorandum of understanding (MoU) on local currency settlements. The deal would enable ... post-meeting 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
... group proceeds to promote use of national currencies among ... it by establishing a currency or implementing cross-border ... entirely new currency. Russia is pursuing local currency settlements with ... with the rise in local currency settlement deals, Mari Elka ...News Jan 21, 2025 | 7:30 am
BRICS’ Indonesia, Russia in Talks to Use Local Currencies for Trade
... had engaged in talks to use local currencies for trade with BRICS ... in the country having to use local currencies to trade. Fast forward ... , we are already discussing the [local currency] systems,” Russian Ambassador to Indonesia ...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 ... has local currency settlement frameworks with countries like China, allowing it to use ...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 ... established local currency settlement frameworks with economies like China, allowing Jakarta to use ...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 ... has local currency settlement frameworks with countries like China, allowing it to use ...Business Jan 8, 2025 | 1:27 pm
Government Debt Reaches $539.4b as of October 2024
... .18 percent), and foreign currency-denominated SBN, worth Rp ... .30 trillion. Meanwhile, foreign currency SBN comprises government bonds totaling ... SBN is dominated by local investors, who hold 85 ... institutional investors continue to use SBN to meet investment ...Business Nov 28, 2024 | 3:12 pm
Balance of Payment Surplus Reflects External Economic Resilience: Gov't
... in point, Indonesia has pursued local currency transaction mechanisms in its foreign ... aim to increase the use of local currency transactions by 10 percent in ...Special Updates Nov 22, 2024 | 6:05 pm
Indonesia, Malaysia Renew Local Currency Swap Agreement
... and Malaysia renewed their Local Currency Bilateral Swap Arrangement on ... strengthening cooperation in the local currency swap with BNM highlights ... aims to boost the use of rupiah and ringgit ... he added. The initial local currency swap agreement between Indonesia ...Business Sep 27, 2024 | 4:27 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 ... Korea, aimed at promoting the use of the Indonesian Rupiah and ... involves a significant reduction in the use of the US dollar in ...Business Aug 30, 2024 | 4:19 pm
Cash-Based Japan Issues First New Bills in Two Decades
... were released with fanfare, currency already in use will remain valid. In ... to use most vending machines and to pay bus fares, local media ...Business Jul 3, 2024 | 1:04 pm
BI's Response Crucial as Rupiah Dips Below State Budget Expectations
... to exert pressure on the currency. Abdullah recommended various measures for ... the necessity of increasing the use of local currency swaps to reduce dependency ... that despite recent fluctuations, the currency's performance remains relatively robust compared ...Business Jun 19, 2024 | 8:52 am
Bank Indonesia Continues De-dollarization Efforts with RBI Partnership
... for encouraging the use of each country's local currency in bilateral transactions between ... both nations. "Furthermore, the use of local currencies will reduce transaction costs ... and RBI. The broader use of local currencies in bilateral transactions is ...Business Mar 7, 2024 | 4:39 pm
Three Arrested for Attempting to Exchange Counterfeit Notes at Central Bank Office
... the fake banknotes without the use of a note detector and immediately ... intending to exchange them at a local Bank Indonesia office,” Tasikmalaya Metropolitan ... are facing charges under the currency law, which entails a maximum prison ...News Feb 1, 2024 | 5:52 pm
India Proposes Local Currency Use in Trade with Indonesia
... as countries can bypass the use of American dollars. It will ... today is already trading in local currencies with Malaysia, Thailand, Japan ...Business Dec 15, 2023 | 7:52 pm
Indonesia Introduces De-dollarization Task Force
... the National Task Force for Local Currency Transactions, a strategic initiative aimed ... transactions while promoting the use of its local currency. This task force represents ... Indonesia has also entered into local currency transaction agreements with Japan and ...Business Sep 5, 2023 | 11:18 pm
Indonesia Inks Local Currency Transaction Pact with Malaysia, Thailand
... an expansion of the local currency settlement, namely the use of the countries ... use local currencies for financial asset transactions, including government bonds and equities. “Local currency ...Business Aug 25, 2023 | 3:52 pm
Vietnam Officially Joins ASEAN’s Regional Payment Connectivity
... Indonesians make payments in their local currency Rupiah just by scanning QR ... . This bypasses the need to use American dollars as an intermediary ...Business Aug 25, 2023 | 11:08 am
Local Currency Settlements Hit $2.1b in Jan-April: Bank Indonesia
... under the framework of the local currency settlement, also known as the ... between Indonesia and Japan may use rupiahs, but the rupiah settlement ... and investment transactions in the local currency with the said four economies ...Business Jun 27, 2023 | 8:46 pm
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