Bank Indonesia and PBoC sign currency agreement

Move follows Indonesian central bank accords with Japan, Malaysia and Thailand


The People’s Bank of China signed an agreement with Bank Indonesia on the use of their respective currencies on September 30.

Both institutions signed a memorandum of understanding (MoU) to promote “the use of local currencies for trade and direct investment settlement”, the central banks say in a joint statement. This includes the “promotion of the direct exchange rate quotation and interbank trading between the Chinese yuan and the Indonesian rupiah”.

The joint statement says this agreement

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account