Indonesia central bank will 'push' for rupiah-yuan use in China trade and investment
[JAKARTA] Indonesia will push for the use of rupiah and yuan for its trade and investment with China, instead of the US dollar, the country's central bank governor said Friday.
"We will facilitate and push for the use of rupiah currency and renminbi because in 2015 renminbi will be part of (International Monetary Fund's) special drawing rights (currencies)," Governor Agus Martowardojo told reports.
He also said he welcomed the recent increase in Indonesia's bilateral currency swap agreement with China to US$20 billion from US$15 billion.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea