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

Post author:MiamiCrypto
Post published:September 1, 2024
Post category:ACCD banks Bank Mandiri bilateral trade BNI currency agreement economic ties Economics Exchange rate financial cooperation Indonesia kookmin bank local currency local currency transaction Rupiah Shinhan Bank South Korea trade Won

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.…

Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar

Post author:MiamiCrypto
Post published:October 15, 2022
Post category:Asean Asia asian CBDC China chinese Crypto Cryptocurrencies Cryptocurrency Digital Currency Digital Yuan Dollar Fiat Finance idea Institute proposal Researchers U.S. dollar Won Yen Yuan

Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the…