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Indonesian economic officials backed expanded use of local currencies in trade and investment instead of the US dollar on February 16, 2022. The aim is to help maintain stability in global financial markets as pandemic-era stimulus is withdrawn.
This is a currency policy discussion with little direct effect on feed commodity supply or demand, so price impact is minimal.
reuters.comGayatri SuroyoFeb 16, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
