Indonesia Currency

Bali has warned all the visiting tourists against using cryptocurrencies for day-to-day transactions and purchases. Bali is putting in place a bunch of punishments to deal with the violators of its crypto laws, whether they are nationals or tourists.

China's central bank has signed an agreement with Switzerland based Bank for International Settlements to establish a yuan pooling scheme

The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia's council of religious leaders

Investors switched to go short on the rupee, Indonesia's rupiah, Malaysia's ringgit and the Philippine peso, according to a poll of 13 respondents.

An Indonesian man has been arrested by the customs officials for allegedly trying to smuggle out foreign currency worth about Rs 96 lakh at the Delhi airport, an official statement said Monday.

An Indonesian civil servant who owed his ex-wife a large alimony has paid back some $10,000 worth of missed payments -- in coins.

Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia.

As calls for going cashless grow louder in India, a key challenge being faced globally is to check the continuing rise in the total value of currency in circulation and their share in the overall GDP -- a trend particularly visible in the US, Switzerland and Euro area.

Sentiment towards most emerging Asian currencies turned bearish as increasing doubts about the ability of major central banks to offer fresh stimulus sparked a selloff in global bonds, a Reuters poll showed on Thursday.

China's 2 percent devaluation on Aug. 11 added to evidence that its economy was struggling, and overseas it caused a ripple of panic that a currency war was in the offing.

From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war".

India and Indonesia, previously at risk from severe currency depreciation and liquidity tightening, have recovered in terms of their trade and current accounts, and to a lesser extent in terms of inflation, the BNP report added.

Abrupt rate hikes in Brazil, India, Turkey and South Africa last month and last year's tightening in Indonesia - the "Fragile Five" economies with high external capital needs - have helped alleviate pressure on currencies.

The estimate includes an expected 3.8 percent rise in China's FX reserves to an all-time high of $3.8 trillion, or a whopping 19.5 percent surge for the year. The country will report numbers in coming days.

Emerging Asian currencies also came under pressure, with Indonesia's rupiah falling to match a near five-year low set last week.

Bali has warned all the visiting tourists against using cryptocurrencies for day-to-day transactions and purchases. Bali is putting in place a bunch of punishments to deal with the violators of its crypto laws, whether they are nationals or tourists.

China's central bank has signed an agreement with Switzerland based Bank for International Settlements to establish a yuan pooling scheme

The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia's council of religious leaders

Investors switched to go short on the rupee, Indonesia's rupiah, Malaysia's ringgit and the Philippine peso, according to a poll of 13 respondents.

An Indonesian man has been arrested by the customs officials for allegedly trying to smuggle out foreign currency worth about Rs 96 lakh at the Delhi airport, an official statement said Monday.

An Indonesian civil servant who owed his ex-wife a large alimony has paid back some $10,000 worth of missed payments -- in coins.

Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia.

As calls for going cashless grow louder in India, a key challenge being faced globally is to check the continuing rise in the total value of currency in circulation and their share in the overall GDP -- a trend particularly visible in the US, Switzerland and Euro area.

Sentiment towards most emerging Asian currencies turned bearish as increasing doubts about the ability of major central banks to offer fresh stimulus sparked a selloff in global bonds, a Reuters poll showed on Thursday.

China's 2 percent devaluation on Aug. 11 added to evidence that its economy was struggling, and overseas it caused a ripple of panic that a currency war was in the offing.

From South Korea to Indonesia and India, monetary authorities are preparing to let their currencies weaken as a falling Japanese yen makes their economies uncompetitive, and drags them into what some policymakers are calling a "currency war".

India and Indonesia, previously at risk from severe currency depreciation and liquidity tightening, have recovered in terms of their trade and current accounts, and to a lesser extent in terms of inflation, the BNP report added.

Abrupt rate hikes in Brazil, India, Turkey and South Africa last month and last year's tightening in Indonesia - the "Fragile Five" economies with high external capital needs - have helped alleviate pressure on currencies.

The estimate includes an expected 3.8 percent rise in China's FX reserves to an all-time high of $3.8 trillion, or a whopping 19.5 percent surge for the year. The country will report numbers in coming days.

Emerging Asian currencies also came under pressure, with Indonesia's rupiah falling to match a near five-year low set last week.