Core Points - The People's Bank of China and Bank Indonesia jointly launched a bilateral local currency settlement (LCT) framework and a cross-border QR code interoperability project [1] - The LCT framework expands local currency settlement to all items of international payments, facilitating the use of local currencies in bilateral trade and investment [1] - The cross-border QR code interoperability project is set to begin pilot operations and is expected to be fully operational by 2025, marking significant progress in payment cooperation between China and Indonesia [1] - The Governor of the People's Bank of China emphasized the importance of deepening cooperation in payment system connectivity, local currency usage, financial market openness, and digital currencies [1]
中印尼启动双边交易本币结算和二维码互联互通合作
Sou Hu Cai Jing·2025-09-13 11:38