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11.06.26 - 14:48
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Hong Kong, Indonesia move towards direct transactions in yuan, rupiah (SCMP)
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The People's Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong.
The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among companies and institutions in Indonesia and Hong Kong, according to an HKMA statement.
This initiative was......
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11.06.26 - 11:01
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Why Indonesia′s Rupiah Keeps Hitting Record Lows (Bloomberg)
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Indonesia's rupiah — Asia's worst-performing currency this year — has been under pressure since late 2024 when investors began reassessing the country's fiscal outlook following the election of President Prabowo Subianto. Before this current period of volatility, the currency hadn't traded at such weak levels since the Asian Financial Crisis of 1997-98....
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