2 Business Entrepreneurs Use LCS in Export-Import Transactions

Jakarta, Armfalcon.com- General Chairperson of the Association of Indonesian Export Companies (GPEI), Benny Soetrisno said the use of Local Currency Settlement (LCS) in export-import transactions is more practical, considering that the use of US Dollars can be profitable or detrimental because it depends on the position of the exchange rate.

Meanwhile, BSI’s Head of macroeconomis & Financial Research, Kahfi Riza mentioned 2 advantages of LCS for exporters. Where LSC cooperation makes export-import transactions more practical and transactions more efficient and reduces exchange rate risk.

What is the urgency and effect of de-dollarization for entrepreneurs? For details, see Anneke Wijaya’s dialogue with BSI’s Head of macroeconomis & Financial Research, Kahfi Riza and General Chair of the Association of Indonesian Export Companies (GPEI), Benny Soetrisno in the Power Lunch,CNBCIndonesia (Monday, 08/05/2023)