BI Targets Local Currency Settlements to Reach $2.78b in 2022

... that the value of local currency settlement transactions has been increasing ... . Indonesia has had bilateral local currency settlement agreements with Malaysia, Thailand, ... dissemination information about this local currency settlement facility in countries that ...

Indonesia Links QR Payment with Malaysia, Thailand

... more extensive use of the local currency settlement (LCS) framework. “The initiative of ...

Huawei Supports Local Investment Ecosystem Consolidation at Indonesia-Southern China Business Forum

... this relationship, the newly instated local currency settlement will create greater benefits for ... and direct investment in their local currency. He also expressed his praise ...

Indonesia Pursues Local Currency Settlements Deal with Philippines, Singapore

... looking into establishing a local currency settlement with the Philippines and ... nations to be done in local currency. "We have cooperated ... was followed by a settlement with Japan in September ... Japan, and Thailand using local currencies has continued to ...

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 ...