Bye Dollars! BI and the Central Bank of Korea Agree to Use Local Currency for Transactions
Jakarta – Bank Indonesia (BI) and Bank of Korea (BOK) agreed on the use of local currency in financial and economic transactions (Local Currency Transaction/LCT). Thus, both countries no longer need to convert to United States (US) dollars. This agreement was made on the sidelines of the BI-BOK High Level Meeting today, Sunday (10/12/2023). It … Read more