Indonesia and Bank Indonesia are operationalizing local currency settlement systems to accelerate bilateral trade with India.

The entities involved

• Bank Indonesia →

  central bank of the Republic of Indonesia

  • Prabowo Subianto's policies are rattling investors in Indonesia, while Bank Indonesia manages currency stability amid global inflation.Sun 21:21
  • Indonesian products are gaining traction with Japanese consumers, supported by ministry efforts to promote brands in Singapore and strengthening payment connectivity.Sat 18:49
• Indonesia →

  island country in Southeast Asia and Oceania

  • Indonesia is purchasing 48 Kaan fighter jets, discussing bilateral ties and expanding cooperation in trade and defense sectors.Mon 16:40
  • A conference has been held establishing South-South cooperation, drawing on the historical spirit of Bandung.Mon 16:20
• Reserve Bank of India →

  central bank of India

  • RBI monitors challenges from crude oil prices and concerns over inflation and slowing growth.Mon 13:28
  • Nomura advises on potential shifts in Reserve Bank of India policy amid changes in the global economic outlook.Mon 13:10

Related events

• Bilateral trade involving Indonesia increased by over 12% in the previous year (2025).Sep 3
• Myanmar and the Reserve Bank of India are establishing interoperability between payment systems and discussing a bilateral currency swap arrangement.Jun 25
• Indonesia and China co-launched a cross-border QR payment linkage utilizing bilateral local currency settlement.Jun 15
• Indonesia and Malaysia met at a Joint Trade and Investment Committee meeting to expand bilateral trade and improve goods movement.Sep 4
• RBI drives digital rupee adoption for settlements while SEBI pilots tokenized bonds, learning from European markets.Aug 26