Bank Indonesia plans to further implement and expand local currency trading cooperation with mainland China and Hong Kong in the near future to establish a complete Indonesian rupiah and RMB currency and foreign exchange market ecosystem. Bank Indonesia said that in June 2026, Indonesian rupiah and RMB transactions accounted for about 81% of total LCT transactions. This increase “shows that direct settlement between IDR and RMB is becoming increasingly important as an alternative to transactions through third party currencies.”

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