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Podcast: The Geopolitics In Conflict Show
Episode: Indonesia's Currency Change: Farewell to Dollars
Description: As the de-dollarization drive continues to gather momentum, more countries are joining the movement. And now, Indonesia has become the latest nation to take a step towards reducing the dominance of the US dollar in global trade and investments.In a recent press release, Governor of Bank Indonesia, Perry Warjiyo, announced that the island nation has formed a National Task Force to expand the use of local currency transactions with its partner countries. This move aims to strengthen policy synergy between government ministries and agencies, ultimately increasing the utilization of local currencies in bilateral transactions.Indonesia's decision...