Financial institution Indonesia, the Financial institution of Korea and South Korea’s Ministry of Financial system and Finance have launched a framework to assist the broader use of native currencies for cross-border transactions from September 30.
The authorities introduced the framework in a joint assertion on August 30.
Beneath the brand new framework, the 2 central banks have chosen 21 Indonesian and South Korean banks as appointed cross-currency sellers. The chosen banks will facilitate present account transactions between the 2
You’re presently unable to repeat this content material. Please contact information@fx-markets.com to seek out out extra.
Copyright Infopro Digital Restricted. All rights reserved.
You could share this content material utilizing our article instruments. As outlined in our phrases and circumstances, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised Person might solely make one copy of the supplies for their very own private use. You should additionally adjust to the restrictions in clause 2.5.
If you want to buy extra rights please e mail information@fx-markets.com
Supply hyperlink