Indonesia, Japan to boost local currency use in bilateral transactions
Bank Indonesia Governor Perry Warjiyo and Japanese Finance Minister Taro Aso recently signed an MoU on the use of the countries’ currencies in bilateral trade and direct investment transactions.
Jakarta (VNA) – Bank Indonesia Governor Perry Warjiyo and Japanese Finance Minister Taro Aso recently signed a memorandum of understandꦉin𓆉g on the use of the countries’ currencies in bilateral trade and direct investment transactions.
The agreement on the establishment of a local currency settlement framework will enable the two sides to promote the direct exchange of rate quotation and interbank trading between the Japanese Yen and the Indonesian Rupiah.
The cooperation will also be enhanced through information sharing and regular discussions.
In a joint press statement released on December 5, they said the framework is a key milestone for both nations to intensify their financial cooperation.
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