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.
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