JAKARTA, Sept 7 (Bernama): The Bank of Indonesia (BI) and the People’s Bank of China (PBC) on Monday (Sept 6) officially started the implementation of cooperation in the settlement of bilateral transactions with local currencies (LCS) between Indonesia and China.
The framework for the cooperation includes the use of direct exchange rate quotations and relaxation of certain regulations in foreign exchange transactions between the rupiah and the yuan, Vietnam News Agency (VNA) quoted BI's official statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!