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Asia Sentinel
Indonesia Bans Settlements in Foreign Currencies

Indonesia Bans Settlements in Foreign Currencies

Our Correspondent
Jul 01, 2015
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Asia Sentinel
Asia Sentinel
Indonesia Bans Settlements in Foreign Currencies
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Indonesia tomorrow – July 1 – will intensify its journey into economic isolationism when banking regulations go into effect banning the use of currencies other than the rupiah for settling domestic transactions.

As much as US$12 billion a day in such settlements between domestic parties, including multinationals doing business in Indonesia, are expected …

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