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View all search resultsThe growing trend of de-dollarization, especially on the heels of the MOU to promote local currency use signed last month between the central banks of Indonesia and China as well as the global turmoil following Trump's tariff policy flip-flop, presents a strategic opportunity for Indonesia to strengthen its fiscal and monetary policies.
The government has allocated Rp 109.62 trillion (US$7.1 billion) worth of buffer funds, which were initially earmarked as reserves for education, transfers to regions and general purposes, to finance president-elect Prabowo Subianto’s costly Quick Win programs.
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