Tag: Local Currency Transaction
Indonesia’s Push to Ditch the Dollar Gains Momentum as LCS Trade...
Bank Indonesia is seeing clear momentum from its Local Currency Settlement or LCS scheme, a policy designed to let cross border trade move without...
Indonesia and South Korea Take Bold Step to Move Away from...
Countries worldwide are increasingly seeking to reduce their reliance on the US Dollar in international transactions, and Indonesia is no exception. Towards financial independence,...
US$3.2 Billion: Surging Local Currency Transactions Reported by Bank Indonesia
Bank Indonesia (BI) has witnessed a momentous surge in local currency transactions (LCT) between nations, heralding a significant development in the economic landscape.
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