China, Indonesia agree to directly trade using their currencies

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  • CGTN published this video item, entitled “China, Indonesia agree to directly trade using their currencies” – below is their description.

    For more: China’s trade ties with Indonesia are growing stronger, with both agreeing to directly trade using their local currencies – the yuan and the rupiah. The Indonesian central bank says the new framework marks a milestone in building better financial cooperation between the two countries. Silkina Ahluwalia has more from Jakarta.

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    In This Story: Indonesia

    Indonesia, officially the Republic of Indonesia, is a transcontinental country in Southeast Asia and Oceania, between the Indian and Pacific oceans. It consists of more than seventeen thousand islands, including Sumatra, Java, Borneo, Sulawesi, and New Guinea. Jakarta is the capital.

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    Jakarta, Indonesia‘s massive capital, sits on the northwest coast of the island of Java. A historic mix of cultures – Javanese, Malay, Chinese, Arab, Indian and European – has influenced its architecture, language and cuisine. The old town, Kota Tua, is home to Dutch colonial buildings, Glodok (Jakarta’s Chinatown) and the old port of Sunda Kelapa, where traditional wooden schooners dock.

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