Central bank of G20 host rails against US dollar – media ...News

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Central bank of G20 host rails against US dollar – media
The regulator wants to reduce reliance of the Indonesian financial markets on the greenback Indonesia’s central bank has spoken out against the use of the US dollar in export-import transactions, and called for a switch to local currencies in international payments to reduce dependence on the greenback, news portal Tempo.co reported on Friday. Most of Indonesia’s international trade transactions are conducted in foreign currencies, predominantly the dollar, according to Nugroho Joko Prastowo, head of Bank Indonesia’s Solo Representative Office, as cited by local media. “90% of export-import settlements are in US d

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