Jakarta's Central Bank Opens Doors Ten Money Brokers To Set Up Shop

BROKERS

In an effort to stimulate a local money market as well as improve its standing as a foreign exchange trading center, the central bank of Indonesia has issued ten provisional licenses to money brokers to permit operations in Jakarta. Seven of the licenses have gone to joint ventures with foreign money brokers and three to local startups. Of the ten, only six or seven are expected to open their doors in Jakarta.

Of the seven foreign brokers who have been offered licenses, six are

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