Tag: US dollar
De-dollarization Continues, Cross-Border LCT Transactions Surge by Over 100%
In a bid to lessen reliance on the US dollar (de-dollarization), Indonesia is ramping up efforts in Local Currency Transactions (LCT). The latest data...
Rupiah Falls to Rp16,000 Against Dollar, Bank Indonesia Ensures to Steady...
Following the post-Eid holiday period, the Indonesian rupiah has taken a sharp nosedive, breaching the critical level of Rp16,000 against the US dollar. This...
Sri Mulyani Addresses Rupiah’s Depreciation Amid Global Economic Pressures
The Indonesian Rupiah has been experiencing a sustained period of depreciation against the US Dollar in recent weeks. Shedding light on the factors contributing...
Bank Indonesia Expands LCT Partnerships, Emphasizing Collaboration with China Over US...
Bank Indonesia has once again underscored its strategic intent to broaden the scope and promote the adoption of local currencies, known as Local Currency...
Bank Indonesia Believes US Debt Default Will Not Occur Despite Janet...
Bank Indonesia (BI) believes that the concerns expressed by US Treasury Secretary Janet Yellen regarding the potential default of the US debt will not...
Rupiah Gains Strength Against the US Dollar Amid Economic Slowdown and...
The Indonesian Rupiah has strengthened against the US Dollar in early Thursday (27/4/2023) trading. The US Dollar's weakness due to signs of economic slowdown...
BRICS Alliance Considers New Payment System, Signs of Weakening US Dollar...
The dominance of the US Dollar is being tested as the BRICS alliance, comprising Russia, China, India, and other countries, prepares to abandon the...
ASEAN Members Agree to Reduce Use of US Dollar, Why?
The member countries of the Association of Southeast Asian Nations (ASEAN) have agreed to reduce the use of the US dollar (USD) and instead...
Rupiah Records Weakest Position Against US Dollar Throughout 2022
At the start of trading Thursday (29/12), the rupiah exchange rate fell against the US Dollar. The rupiah opened trading with a weakening of...
BI Sets Rupiah Exchange Rate Assumption at Rp. 15,070 per US...
Bank Indonesia (BI), together with Commission XI of the Indonesian House of Representatives, established the rupiah exchange rate assumption at Rp. 15,070 per US...
