Indonesian Central Bank Calls for Broader Use of National Currencies Instead of Dollars

NAMPA / Sputnik

2026-10-01

JAKARTA, October 1 (RIA Novosti) - The Indonesian Central Bank calls on businesses to use national currencies for cross-border settlements more actively to reduce dependence on the US dollar, the bank's head of monetary management Erwin Gunawan Hutapea said. Indonesia has expanded its Local Currency Transaction (LCT) framework for payments in national currencies with a range of trade partners — in rupiah and yuan with China, in rupiah and ringg......

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