The Bank Indonesia (BI) office building in Central Jakarta, - Jakarta Post/ANN
JAKARTA, Sept 6 (Jakarta Post/ANN): Indonesia and China implemented a local currency settlement (LCS) agreement on Monday to make trade and direct investment between the two countries more efficient.
The move comes nearly a year after Bank Indonesia (BI) and the People’s Bank of China (PBOC) inked a memorandum of understanding on the matter.
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