Jakarta, CNBC Indonesia – The United States (US) dollar has been in a slump lately. In 11 trading days, the US dollar index has weakened 10 times, and is at a one-month low. Outlook for the short to medium term is also still confusing for market participants. In the world of foreign currency trading (foreign … Read more
Jakarta, CNBC Indonesia– This week is the first week of September, the month investors tend to avoid investing in the stock market. However, in the first week of September, the Jakarta Composite Index (JCI) was more positive than the previous week. The national benchmark stock exchange index rose 1.42% on an annual basispoint-to-pointthis week. In … Read more
Illustration of THR Money (Source: iStockPhoto via Kompas.com) JAKARTA, KOMPAS.TV – Coins issued in 1990 can be exchanged for money worth Rp. 750,000. This information has been widely discussed on social media recently. One of the information about exchanging coins up to IDR 750,000 is on Facebook. The LEZAT.id Facebook account said those who still … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) revoke and withdraw 20 types of Special Rupiah denominations (URK) for the 1970-1990 issuance years from circulation. This is in line with Bank Indonesia Regulation number 23 of 2021. Through this regulation, the URK is no longer valid as a legal tender in Indonesia as of August 30, … Read more
Jakarta, CNBC Indonesia – Issue tapering has surfaced again since last week, not just speculation, but was disclosed by the central bank of the United States (US) or known as the Federal Reserve (The Fed). The Fed’s July monetary policy meeting minutes point to opportunities tapering or a reduction in the value of the asset … Read more
Jakarta, CNBC Indonesia – “Waste dollars” might have been a dream a few years ago. But now Indonesia seems to really be leaving the United States (US) dollar slowly. In a month, on average, RI managed to reduce dependence on the US dollar by US$ 117.3 million on average every month. This is equivalent to … Read more
Jakarta – Indonesia and several countries have cooperated to use local currency in transaction settlement. The name is Local Currency Settlement (LCS) so settlement transactions between countries use the local currency of each country. The goal is to reduce dependence on the US dollar. The reason is, when transacting for foreign trade the local currency … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) announced that it has agreed to strengthen the cooperation framework for settlement of transactions with local currency or local currency settlement (LCS) with the Ministry of Finance of Japan, today Thursday (5/8/2021). As is known, the Rupiah and Yen LCS transactions have been implemented since August 31, 2020. … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) has succeeded in entering into agreements with several countries to use local currency or local currency settlement (LCS) in trade and investment transactions. Are Malaysia, Thailand and Japan and China. Furthermore, there are three more countries that are the target of BI. “In the future, there are 3 … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) is eyeing several countries to cooperate in the use of local currency or local currency settlement (LCS) in trade and investment transactions. “In the future, there are 3 countries that will be explored for LCS cooperation, namely India, South Korea and the Philippines,” said Head of the BI … Read more