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. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating direct currency transactions between the two nations, bypassing the need for […]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. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating direct currency transactions between the two nations, bypassing the need for Read MoreEconomics, ACCD banks, Bank Mandiri, bilateral trade, BNI, currency agreement, economic ties, Exchange rate, financial cooperation, Indonesia, kookmin bank, local currency, local currency transaction, Rupiah, Shinhan Bank, South Korea, trade, Won
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