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Search result with “local currency settlement” as a keyword founded 11 news.

Indonesia, Singapore Agree to Integrate QR Code Payment System

... of Singapore (MAS) for the local currency settlement framework, expected to be implemented ... actively promoting the utilization of local currencies in bilateral transactions, aiming ...
Business Nov 17, 2023 | 10:56 pm

Indonesia Inks Local Currency Transaction Pact with Malaysia, Thailand

... an expansion of the local currency settlement, namely the use of ... Indonesia has previously established local currency settlement cooperation with ASEAN member ... equities. “Local currency transaction is an expansion of the local currency settlement,” Perry ...
Business Aug 25, 2023 | 3:52 pm

Local Currency Settlements Hit $2.1b in Jan-April: Bank Indonesia

... under the framework of the local currency settlement, also known as the ... For instance, a trade settlement between Indonesia and Japan may ... rupiahs, but the rupiah settlement must take place in ... investment transactions in the local currency with the said four ...
Business Jun 27, 2023 | 8:46 pm

Regional Payment Connectivity Must Not Stop at ASEAN-5: Indonesia

... -border payment, instant payment, and local currency transactions, among others. Other aspects ... partnership include real-time gross settlement (RTGS). "Fellow ASEAN member states ...
Business Mar 28, 2023 | 8:24 pm

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 ...
Business Feb 16, 2022 | 7:50 pm

Indonesia Links QR Payment with Malaysia, Thailand

... more extensive use of the local currency settlement (LCS) framework. “The initiative of ...
Business Feb 15, 2022 | 7:12 pm

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 ...
Special Updates Dec 24, 2021 | 6:12 pm

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 ...
Business Oct 8, 2021 | 11:51 am

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 ...
Business Sep 9, 2021 | 1:23 pm

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 ...
Business Sep 6, 2021 | 6:15 pm

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 ...
Business Oct 1, 2020 | 12:10 am