Jakarta, CNBC Indonesia – The rupiah was strong against the United States (US) dollar this week, although it was corrected last Wednesday. The rupiah has successfully posted a 3 week strengthening in a row. In addition to the slumping US dollar, there was “assistance” from the International Monetary Fund (IMF) and its former bosses that … Read more
Jakarta, CNBC Indonesia – The United States (US) dollar has been in a slump lately. In 11 trading days, the US dollar index has weakened 10 times, and is at a one-month low. Outlook for the short to medium term is also still confusing for market participants. In the world of foreign currency trading (foreign … Read more
Jakarta, CNBC Indonesia – Issue tapering has surfaced again since last week, not just speculation, but was disclosed by the central bank of the United States (US) or known as the Federal Reserve (The Fed). The Fed’s July monetary policy meeting minutes point to opportunities tapering or a reduction in the value of the asset … Read more
Jakarta, CNBC Indonesia – “Waste dollars” might have been a dream a few years ago. But now Indonesia seems to really be leaving the United States (US) dollar slowly. In a month, on average, RI managed to reduce dependence on the US dollar by US$ 117.3 million on average every month. This is equivalent to … Read more
Jakarta – Indonesia and several countries have cooperated to use local currency in transaction settlement. The name is Local Currency Settlement (LCS) so settlement transactions between countries use the local currency of each country. The goal is to reduce dependence on the US dollar. The reason is, when transacting for foreign trade the local currency … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) announced that it has agreed to strengthen the cooperation framework for settlement of transactions with local currency or local currency settlement (LCS) with the Ministry of Finance of Japan, today Thursday (5/8/2021). As is known, the Rupiah and Yen LCS transactions have been implemented since August 31, 2020. … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) has succeeded in entering into agreements with several countries to use local currency or local currency settlement (LCS) in trade and investment transactions. Are Malaysia, Thailand and Japan and China. Furthermore, there are three more countries that are the target of BI. “In the future, there are 3 … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) is eyeing several countries to cooperate in the use of local currency or local currency settlement (LCS) in trade and investment transactions. “In the future, there are 3 countries that will be explored for LCS cooperation, namely India, South Korea and the Philippines,” said Head of the BI … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) has entered into an agreement with several central banks in several countries regarding the use of local currency or local currency settlement (LCS) in trade and investment transactions. These countries, including Malaysia, Japan, Thailand, and China, have also agreed on the same thing to leave the US dollar. … Read more
Jakarta, CNBC Indonesia – Rupiah posted a 0.76% decline against the US dollar to Rp 14,530/US$. In 5 trading days, the rupiah was not even able to record a strengthening against the United States (US) dollar. Garuda’s currency is now at its weakest level since mid-April. However, the story could be different earlier this week, … Read more