economy

Indonesia says local currency settlements with Malaysia, Thailand, others at US$4.3bln in Jan-Aug 2023

NUSA DUA, Indonesia - An Indonesia central bank senior official on Tuesday said the size of local currency trade settlements with Thailand, Malaysia, Japan and others stood at US$4.3 billion for January-August this year, exceeding the amount for the whole of 2022.

Trade settlements in local currencies without using the U.S. dollar totalled US$4.1 billion for 2022, Senior Deputy Governor of Bank Indonesia Destry Damayanti told participants at industry conference Coaltrans Asia. - Reuters

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