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The payment system might adhere to the current exchange rates to prevent migrant workers from being subjected to inflated rates that diminish the amount received by the intended recipients.
The latest "de-dollarization" hype is just that, a hype, because there are many reasons why the US dollar reigns supreme.
Indonesia can look to India on how to introduce e-invoicing seamlessly in gradual stages.
Governments and central banks across the world have scrambled to stabilize their currencies and shield their economies from a series of United States Federal Reserve (Fed) rapid interest rate increases.
Money laundering is inherently complex as they are committed by white-collar workers, and it will be tough to build up cases if we still adopt conventional approaches.
Lawmakers tried hard to grill and pressure Mahfud MD, the former Constitutional Court chief justice, but they were hardly supported by convincing evidence.
Intra-ASEAN tax treaty networks can be a positive signal to the international community regarding ASEAN's commitment to realize tax fairness and prevent tax avoidance or evasion.
It is safe to assume that the QRIS system, having grown over the years both in usage and features, will assume an increasingly dominant role in digital payments.
With the digital rupiah, the public will gain access to risk-free digital currency denominated in rupiah.
In another three years, the Indonesian internet economy is expected to reach US$146 billion in value, at a growth rate of 20 percent compounded annual growth rate.