Indonesia, China Start Working on Rupiah, Yuan Direct Settlement

... encouraging the use of local currencies for settlement of trade and ... Bank Indonesia already has a local currency settlement framework in place with Malaysia ... Japan since last August. The local currency settlement framework addresses the liquidity concern ...

Forget the Dollar: Indonesia, Japan Agree to Settle Cross-Border Transactions in Local Currencies

... Japan have agreed on a local currency settlement deal that will allow ... on an initiative to encourage local currency settlement in trade and direct ... policy, including striking deals on local currency settlement. The deals typically allow transactions ...

Indonesia, Malaysia and Thailand Seek to Boost Local Currency Settlement

... increasing direct settlement of transactions in their local currencies to ... a wider use of local currencies to facilitate and ... reporters. He said direct settlement would mean banks in ... was looking at applying similar settlement policies to other currencies, ...

Mugabe Granted Immunity, Assured of Safety in Zimbabwe: Sources

... the details of the negotiated settlement. "For him it was very ... family has several farms while local and foreign media have reported ... people remain poor and face currency shortages and sky-high unemployment ...

Bank Indonesia Releases Rules to Boost Local Currency Use for Trade in Asean

... for wider use of local currencies in the Asean ... offers a mechanism to conduct local currency settlement involving Indonesian lenders. Bank ... as the Bank Appointed Cross Currency Dealer (ACCD) that can ... well as open a local currency-denominated account at the ...

In One of Coldest Spots on Earth, Russia Bets on Boosting Gold Output

... 2011. But Russia's rouble currency has also fallen, making foreign ... gold for the bulk of local revenues and that is a ... of the coldest continually inhabited settlement in the northern hemisphere, although ... to pan for gold from local rivers with their bare hands ...

Indonesian, South Korean C. Banks Renew Local Currency Swap Arrangement

... on Monday renewed a bilateral local currency swap arrangement to promote trade ... two central banks to exchange local currencies of up to 10 ... will also ensure the settlement of trade in local currency between the two ...

Thailand, Indonesia, Malaysia Promote Local Currency Use for Trade, Business

... promote settlement of bilateral trade and direct investment in their local currencies ... in choosing currencies for trade settlement,” it said. The banks said ... way for wider usage of local currencies in the ASEAN Economic ...

China Set to Choose Yuan Clearing Bank for UAE by End of Year

... handle all parts of a currency transaction from when a ... in dollars, the main currency used in global oil trade ... The UAE center "will provide local Chinese companies, as well as ... with renminbi liquidity for trade settlement, investment." Qatar has become ICBC ...

Volkswagen Takes $18 Billion Hit Over Emissions Scandal

... , VW agreed a framework settlement with US authorities to buy ... part of an expected civil settlement, and a DoJ investigation ... its new E-Class and currency swings. Daimler said on ... were searched on Thursday by local officials investigating fuel efficiency ...