ASEAN Compact Leaves US Dollar, RI Gets Lots of Profits?

Jakarta, Indonesia and neighboring ASEAN countries agreed to reduce dependence on the US Dollar by strengthening Local Currency Settlement (LCS) cooperation.

BSI Chief Economist, Banjaran Surya Indrastomo, positively assessed the dollarization steps taken by RI and ASEAN. This effort can boost efficiency to reduce the impact of the volatility of the Greenback currency.

What is the impact of de-realization on Indonesia? For details, see Anneke Wijaya’s dialogue with the Chief Economist PT Bank Syariah Indonesia Tbk (BRIS)Banjaran Surya Indrastomo in Power Lunch,CNBCIndonesia (Monday, 15/05/2023)

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