Jakarta, Sept. 20 -- Bank Indonesia (BI) has announced that it had continued expanding the use of local currencies in cross-border transactions with other member states of the Association of Southeast Asian Nations (ASEAN), reaching a value of 14.1 billion USD from the beginning of 2025 to July, up 112% year-on-year.

BI Deputy Governor Filianingsih Hendarta said in a statement on September 18 that this initiative plays an important role in encouraging more efficient trade and investment flows. The initiative could also reduce the risk of exchange rate volatility and support financial market-deepening efforts.

With these various benefits, sustainable and inclusive ASEAN financial integration and economic growth can be achieved.

This fig...