Singapore and Indonesia currency framework is another step toward de-dollarisation

MAS and BI back IDR–SGD settlement to cut costs on a key ASEAN corridor—boosting resilience, but de-dollarisation will be gradual, explains Bhavya Patel

September 22, 2026

Monetary Authority of Singapore and Bank Indonesia initiative aims to lower cross-border payment costs and friction; image credit: T Schneider/shutterstock

Unlock FREE Access to Premium Content

Discover exclusive forecasts, analyst insights and in-depth payments and fintech industry analysis.

With a free Electronic Payments International profile, you can:

Access exclusive analyst commentary
View premium forecasts and data-driven insights
Stay up to date with payments, fintech and digital commerce news, regulatory developments and market trends
Receive alerts when new premium content is published