# G20 host Indonesia promotes FX diversification as part of stimulus exit

> 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 The aim is to help maintain stability in global financial markets as pandemic-era stimulus is withdrawn.

- Date: 2022-02-16 · published 2022-02-16T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/42997-g20-host-indonesia-promotes-fx-diversification-as-part-of-stimulus-exit
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

This is a currency policy discussion with little direct effect on feed commodity supply or demand, so price impact is minimal.

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/indonesia-cbank-targets-10-rise-local-currency-settlements-2022-2022-02-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.