Why Indonesia Abandons Dollar in Bilateral Trade

... has reached the so-called local currency settlement with neighboring Malaysia and Thailand ... a wider use of the local currency for trade transactions and investments ... asset purchases on the Indonesian currency. The minister said the faster ...

Indonesia-China Bilateral Transactions Now Use Rupiah, Yuan

... . The framework of the local currency settlement, or LCS, between Indonesia ... use of local currencies in the settlement of trade ... instruments in local currencies. It also diversifies currency exposure in ... as the appointed cross-currency dealers (ACCD). The ...

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 ...