{
    "success": true,
    "data": {
        "id": 1802900,
        "msgid": "dpr-deputy-speaker-applauds-bis-move-to-strengthen-rupiah-and-reduce-us-dollar-dependence-1781441523",
        "date": "2026-06-14 19:25:03",
        "title": "DPR Deputy Speaker Applauds BI's Move to Strengthen Rupiah and Reduce US Dollar Dependence",
        "author": "",
        "source": "DETIK",
        "tags": "",
        "topic": "Economy",
        "summary": "Deputy Speaker of Indonesia's House of Representatives, Sufmi Dasco Ahmad, has praised Bank Indonesia's new bilateral agreements with the People's Bank of China. The deals, which include a currency swap arrangement and expanded local currency transaction framework, aim to bolster the rupiah and reduce reliance on the US dollar for trade and investment between Indonesia, mainland China, and Hong Kong.",
        "content": "<p>Deputy Speaker of the House of Representatives (DPR), Sufmi Dasco\nAhmad, has expressed appreciation for Bank Indonesia\u2019s efforts to\nstrengthen the rupiah exchange rate by establishing a Bilateral Currency\nSwap Arrangement (BCSA) with the People\u2019s Bank of China (PBOC). Dasco\nassessed that the agreement, which includes cross-border QRIS usage, can\nreduce dependence on the US dollar.<\/p>\n<p>The signing of a Memorandum of Understanding (MoU) expands the Local\nCurrency Transaction (LCT) framework to include Hong Kong. The agreement\nalso covers the establishment of a Renminbi Clearing Arrangement in\nIndonesia to support the development of a domestic RMB ecosystem by\nproviding adequate Renminbi liquidity for trade, investment, and\nfinancial activities.<\/p>\n<p>\u201cThe agreement allows transactions between Indonesia, mainland China,\nand Hong Kong to be conducted using rupiah or renminbi without having to\nrely on the US dollar,\u201d Dasco said on Sunday (14\/6\/2026).<\/p>\n<p>Dasco noted that a cross-border QRIS system between Indonesia and\nChina has been agreed upon, enabling transactions between Chinese and\nIndonesian businesses using the inter-country QRIS. This system already\ninvolves 191 service providers in China and 24 in Indonesia, all\ninterconnected.<\/p>\n<p>\u201cWith the agreement signed between Bank Indonesia and the People\u2019s\nBank of China, Indonesia-China export-import transactions, which reached\nUS$154.5 billion in 2025, can now use the LCT framework, namely rupiah\nand renminbi, without depending on the US dollar anymore,\u201d Dasco\nstated.<\/p>\n<p>Dasco also mentioned that the agreement allows bilateral\nexport-import transactions to be conducted using the LCT scheme in\nrupiah and renminbi. This effort, he said, can reduce dependence on the\nUS dollar. \u201cThis is a very serious effort to reduce the need for US\ndollars in trade transactions, including the use of cross-border QRIS\nbetween Indonesia and China. Bank Indonesia is doing this to strengthen\nthe rupiah,\u201d he added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/dpr-deputy-speaker-applauds-bis-move-to-strengthen-rupiah-and-reduce-us-dollar-dependence-1781441523",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}