Indonesia to Bring Up Digital Currency Issue at ASEAN Summit


Indonesia will bring up the rupiah digitization at the 2023 ASEAN Summit. Bank Indonesia deputy governor Dody Budi Waluyo said Indonesian delegations would also talk about economic recovery and sustainability in the medium to long term.

"We will bring up three priorities at the ASEAN meeting, which we consider important, especially in facing global changes," he said on Tuesday.

According to Dody, BI will try to accelerate the implementation of a region-based digital payment system to recover the economy. "In the short term, we will use inter-country QRIS. Indonesia and Thailand can use QRIS already. Singapore, Malaysia, and the Philippines will follow suit soon," he said. Besides, Indonesia has released a paper on the Central Bank Digital Currency (CBDC).

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.