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meanwhile indonesia is urging g20 countries to implement more local currency settlement schemes or agreements for the use of local currency in trade and investment transactions between two countries as part of efforts to boost post-pandemic economic recovery indonesia itself has been implementing the lcs scheme since 2018 and will increase local currency settlements by 10 percent this year indonesias central bank bang indonesia is increasing the target of trade and investment transactions using local currencies through local currency settlements or lcs in lcs schemes two countries will cooperate and use their respective local currencies to conduct trade and investment transactions as opposed to using the us dollar this year lcs schemes will be increased by 10 percent in 2021 trade and investment transactions using local currency schemes valued at 2.5 billion dollars this is a sharp increase compared to 2020 when local currency scheme transactions totaled at 797 million dollars at a g