Indonesia's Currency Change: Farewell to Dollars

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 syn...