Jakarta, CNBC Indonesia- The government formed a National Local Currency Transaction (LCT) Task Force whose task was to encourage increased use of local currency in cross-border transactions.
Bank BJB’s Treasury & Capital Market Advisor, Jhon Habibie Barus, believes that the steps to establish LCT need to be encouraged to expand cooperation with other countries so that LCT transactions can have a more positive impact on strengthening other currencies.
On the other hand, CIMB Niaga Bank Economist, Mika Martumpal, expressed the importance of efforts to reduce dependence on safe haven currencies such as the US Dollar. The higher the local currency transactions, the better the stability of the Rupiah.
What is the urgency of forming an LCT task force? What is the impact on the Rupiah? For further details, see Anneke Wijaya’s dialogue with Bank BJB’s Treasury & Capital Market Advisor, Jhon Habibie Barus and CIMB Niaga Bank Economist, Mika Martumpal at Power Lunch,CNBCIndonesia (Monday, 11/09/2023)