You are here

Indonesia central bank will 'push' for rupiah-yuan use in China trade and investment

Agus Martowardojo, Indonesia's Central Bank Governor, attends a press conference at the bank's headquarters in Jakarta on Nov 17, 2015.

[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.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to