According to the message from the website of the People's Bank of China, on May 25, 2025, under the witness of Chinese Premier Li Qiang and Indonesian President Joko Widodo, Governor Pan Gongsheng of the People's Bank of China and Governor Perry Warjiyo of Indonesia's central bank signed the "Memorandum of Understanding on Establishing a Framework for Promoting Bilateral Currency Settlement Cooperation" between the People's Bank of China and Indonesia's central bank. This memorandum expands and upgrades the "Memorandum of Understanding on Establishing a Framework for Promoting Settlement in Local Currencies for Current Account Transactions and Direct Investment" signed on September 30, 2020, extending the scope of local currency settlement cooperation from current account and direct investment to all transactions including capital and financial accounts. Within the legal framework of both countries, it promotes payment connectivity, further encourages the use of local currencies in bilateral trade and investment, and promotes monetary and financial market cooperation between the two countries.
Source: https://www.toutiao.com/article/7508361420087280154/
Disclaimer: The article only represents the author's personal views. Please express your attitude by clicking the "Like/Dislike" button below.