With bilateral trade projected to hit USD160B in 2025, Indonesia’s Yuan-Rupiah pact with China for de-dollarisation and reshapes ASEAN’s financial future.
JAKARTA, INDONESIA – Media OutReach Newswire – 5 June 2025 – As one of China’s largest ASEAN trading partners, with bilateral commerce reaching USD147.80 billion in 2024 (6.1% YoY growth), Indonesia has solidified its economic ties with China. During Chinese Premier Li Qiang’s state visit ahead of the ASEAN-GCC-China Summit, the two nations signed four new MoUs—most critically, an upgraded Local Currency Settlement (LCS) pact between Bank Indonesia (BI) and the People’s Bank of China (PBOC). EBC Financial Group (EBC), a leading brokerage firm, examines how this agreement redefines Indonesia’s economic resilience.
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