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Search result with “Dedollarization” as a keyword founded 4 news.
De-Dollarization: Indonesia, India Look Forward to Local Currency Trade
Jakarta. Indonesia and India are looking forward to being less dependent on the dollar in their cross-border transactions. Last year, Bank Indonesia and the Reserve Bank of India inked a memorandum of understanding (MoU) on local currency settlements. The ...Business Jan 27, 2025 | 10:08 am
Indonesia and South Korea Push Forward De-Dollarization with New Currency Agreement
Jakarta. Bank Indonesia (BI) continues its efforts to reduce reliance on the US dollar by forming a strategic partnership with the Bank of Korea (BOK) and South Korea's Ministry of Finance. The parties have agreed on a cooperation framework to implement ...Business Aug 30, 2024 | 4:19 pm
Bank Indonesia Continues De-dollarization Efforts with RBI Partnership
Mumbai. Bank Indonesia (BI) continues to reduce its dependence on the US dollar (de-dollarization) by forging a partnership with the Reserve Bank of India (RBI). Both central banks have agreed to promote the use of local currencies in transactions. The ...Business Mar 7, 2024 | 4:39 pm
Indonesia Introduces De-dollarization Task Force
Jakarta. Indonesia on Tuesday unveiled the National Task Force for Local Currency Transactions, a strategic initiative aimed at reducing the country's reliance on the US dollar in international transactions while promoting the use of its local currency. ...Business Sep 5, 2023 | 11:18 pm
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