Jakarta, Sept. 24 -- Local Currency Transaction (LCT) volume between Indonesia and its trading partners reached a record equivalent of US$49.4 billion through August 2026, nearly double the total recorded for all of 2025, according to Bank Indonesia (BI).

Speaking at a press conference here on Wednesday (September 23), BI Deputy Governor Thomas Djiwandono highlighted the rapid adoption of local currency settlement frameworks, which recorded total trade of US$25.7 billion throughout last year.

"By the end of 2026, the figure will certainly be more than double that of last year," Thomas told reporters following the BI Board of Governors Meeting.

He said LCT transactions had shown strong growth and were expected to become a structural ele...