Bank Indonesia and the People's Bank of China are strengthening their cooperation to enhance transactions using local currencies. This strategic move aims to reduce the dependency on the US dollar for bilateral trade. By deepening this partnership, both central banks seek to maintain exchange rate stability. The initiative involves expanding the use of local currencies and improving financial infrastructure. This collaboration is expected to shield both economies from external volatility. Ultimately, the effort supports the broader goal of financial stability and economic resilience for both nations.