Iran, Indonesia Agree on Mutual Settlements in National Currencies

Iran, Indonesia Agree on Mutual Settlements in National Currencies

    Wednesday, May 24, 2023   No comments

Iranian President Seyed Ebrahim Rayeesi said on Tuesday that Tehran and Jakarta have agreed to strengthen and expand economic relations and start trading in their national currencies in a bid to end the US dollar monopoly.

Rayeesi made the remarks in a joint press conference with his Indonesian counterpart Joko Widodo in Jakarta on Tuesday.

Iran's president, who is on an official visit to Indonesia at the head of a high-ranking politico-economic delegation, stated that Tehran and Jakarta have set a goal to promote the value of their trade to $20 billion.

He stressed that the both sides are resolute on promoting exchanges using national currencies in order to set aside the US dollar.

Several countries have stressed that they no longer have trust in the US currency because it has become an unreliable financial instrument.

The Iranian chief executive added that the signing of different documents for bilateral cooperation in various sectors reaffirms both sides' will to develop relations in all fields.

In the presence of Raeisi and Widodo, senior officials of Iran and Indonesia signed 11 documents to boost cooperation in preferential trade, cancellation of visas, cultural exchanges, supervision over the pharmaceutical products, science and technology as well as oil and gas.

What is the "sharia economy in Indonesia"?

What is the "sharia economy in Indonesia"?

    Friday, July 15, 2022   No comments

Jakarta (ANTARA) - The Ministry of Cooperatives and Small and Medium Enterprises is encouraging the potential for developing the sharia economy in Indonesia by accelerating the digitization of MSMEs (micro, small, and medium enterprises).

"Technologically, we continue to conduct trainings for grassroots (community) on microeconomics, collaborating not only with technology operators but also with direct digital platforms by providing technical guidance," deputy for micro business at the ministry, Eddy Satriya, said at an online sharia economic development event on Thursday.

The government is targeting to help as many as 30 million MSMEs enter digital platforms or marketplaces by 2024, he noted.

Read more; source: https://en.antaranews.com/news/238277/ministry-makes-digital-push-for-islamic-economy-development

Indonesia refuses to supply arms to Ukraine

Indonesia refuses to supply arms to Ukraine

    Friday, April 29, 2022   No comments

Indonesian President Joko Widodo has confirmed that he has rejected a request from his Ukrainian counterpart, Vladimir Zelensky, to supply arms to Kyiv.

Widodo said during a virtual press conference held today, Friday, according to CNN Indonesia, that Zelensky asked him to export arms to Ukraine, but that he stressed that Jakarta could not meet this request due to the principles guiding foreign policies.

The Indonesian president explained that Jakarta follows the principle of "free and active politics," adding that the country's constitution does not allow its government to supply arms to other countries.

He said: "I would like to stress that Indonesia may not support other countries by exporting arms to them, in accordance with its foreign policy principles and the constitution."

The Indonesian Constitution stipulates that the state shall refrain from taking the side of any state in any dispute and actively contribute to the political settlement of disputes and disagreements at the international level.

At the same time, Widodo pledged humanitarian aid to Ukraine, stressed the need for an immediate cessation of hostilities on the territory of this country, and expressed Indonesia's readiness to contribute to the peaceful efforts aimed at settling the conflict between Moscow and Kiev.

He invited Indonesian President Zelensky and his Russian counterpart Vladimir Putin to participate in the G-20 summit to be held on the island of Bali next November.