Bank of Indonesia reported that ASEAN central banks, meeting at the 30th ASEAN Senior Level Committee on Financial Integration in Yogyakarta on 18–19 September 2025, agreed to intensify regional financial integration to support financial stability, resilience and integration amid global uncertainty, supply chain fragmentation, rapid digitalisation and the energy transition. Bank Indonesia and the State Bank of Vietnam co-chaired the meeting. Priorities highlighted in the discussions included reducing non-tariff barriers to strengthen trade integration and direct investment, accelerating payment system connectivity, and expanding the use of local currencies, including local currency transactions (LCT) to reduce external vulnerability. The agenda also covered strengthening the regional financial safety net, encouraging a greater role for the regional financial sector, and bolstering crisis management as banking and capital market integration deepens. The next committee meeting is scheduled to take place in the Philippines in the first quarter of 2026, with Bank Indonesia and the State Bank of Vietnam returning as co-chairs.
Bank of Indonesia 2025-09-19
Bank of Indonesia and ASEAN central banks agree to strengthen financial integration through payment connectivity and wider local currency use
ASEAN central banks, co-chaired by Bank Indonesia and the State Bank of Vietnam, agreed to enhance regional financial integration at the 30th ASEAN Senior Level Committee on Financial Integration. Priorities include reducing non-tariff barriers, accelerating payment system connectivity, and expanding local currency use to bolster financial stability amid global challenges. The next meeting is set for the first quarter of 2026 in the Philippines.