The Central Bank of the UAE (CBUAE) and Indonesia have discussed opportunities to strengthen financial and banking cooperation, including payment system connectivity and digital financial innovation.
Khaled Mohamed Balama, Governor of the CBUAE, held a meeting with Judha Nugraha, Ambassador of Indonesia to the UAE, at the CBUAE headquarters in Abu Dhabi. The meeting was attended by Assistant Governors and senior officials from both sides.
The discussions focused on enhancing cooperation between the two countries’ financial sectors and exploring areas of mutual interest to support economic growth and strengthen the UAE-Indonesia strategic partnership.
Both countries reviewed opportunities to link payment systems and enable smoother cross-border payments through digital solutions that are faster, more efficient, transparent, and cost-effective. The initiative supports trade and investment flows between the two countries.
The meeting also covered ways to accelerate digital financial innovation and promote cooperation in financial technology, supporting the continued expansion of economic ties between the UAE and Indonesia.
Khaled Mohamed Balama said that the CBUAE remains committed to strengthening cooperation with Indonesia’s financial sector and developing secure digital payment solutions that support bilateral trade and investment.
Balama added that enhancing financial connectivity aligns with the UAE’s efforts to solidify its position as a global financial hub and promote economic resilience through innovation.
Judha Nugraha highlighted Indonesia’s appreciation of the UAE’s progress in digital payments infrastructure and noted that the 50th anniversary of diplomatic relations between the two countries provides an opportunity to further expand cooperation between their central banks.
Nugraha also expressed support for initiatives including Local Currency Transactions (LCT), greater cross-border payment connectivity, and continued knowledge exchange to enhance bilateral trade, investment, and financial cooperation.
