Bank Indonesia, Hong Kong Monetary Authority, and People's Bank of China Sign Memorandum of Understanding to Facilitate Indonesian Rupiah and Offshore Chinese Renminbi Transactions between Indonesia and Hong Kong

Summary

Bank Indonesia, Hong Kong Monetary Authority, and People's Bank of China have signed a Memorandum of Understanding to encourage the exchange of Indonesian Rupiah and offshore Chinese Renminbi between Indonesia and Hong Kong, aiming to boost bilateral trade and investment.