Pilipinas, Indonesia Palawakin ang Local Currency Payments

Nag-co-chair si Philippine Foreign Affairs Secretary Ma. Theresa Lazaro ng ikawalong Joint Commission for Bilateral Cooperation meeting sa Jakarta kasama si Indonesian Foreign Minister Sugiono.

Nagkasundo ang dalawang bansa na pagbutihin ang infrastructure para sa Philippines-Indonesia payment transactions at palawakin ang paggamit ng local currency settlements. Ibig sabihin, babawasan na ang dependensya sa third-party currencies tulad ng US dollar para sa bilateral trade at remittances.

Sabi ni Lazaro, nag-produce ang meeting ng mga commitment sa practical cooperation, kabilang ang defense, border management, maritime, trade, at legal cooperation. Ang payment infrastructure push ay parte ng mas malaking ASEAN initiative para i-link ang domestic real-time payment networks across borders.

Layunin ng agreement na bawasan ang exchange costs para sa regional commerce at small businesses sa Pilipinas. Nag-e-eliminate ang local currency settlements ng pangangailangan para sa mahal na currency conversions na karaniwang may dollar intermediation. Wala pang specific regulatory o technological mechanisms ang Department of Foreign Affairs para sa implementation.

ℹ️ Article Details

• Source: Google Alert: Coins/PDAX
• Original URL: https://fintechnews.ph/71113/payments/philippines-indonesia-cross-border-payments/
• Reading Time: 2 minutes
• Category: philippines
• Slug: philippines-indonesia-expand-local-currency-payments
• Workflow: Philippines Content Processor

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