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Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade

Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won.…

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Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments

The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country…

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