Jakarta, April 15 -- Indonesia is accelerating efforts to reduce its dependence on the US dollar by expanding its local currency transaction (LCT) framework, with transaction values surging by 163% in the opening months of 2026. According to the Indonesian government data, total LCT transaction value reached 8.45 billion USD in January and February, a sharp increase from 3.21 billion USD in the same period last year. User participation has also risen significantly, surpassing 14,600 by February, with monthly averages exceeding 16,000, well above 2025 levels. Ferry Irawan of the Coordinating Ministry for Economic Affairs said that since its launch in 2018, the LCT mechanism has steadily expanded across key sectors, including manufacturing, e...