In line with these initiatives, as well as the continued national economic recovery and the increasing need for hedging on securities holdings, average daily DNDF transaction volume increased from USD99.1 million in 2021 to USD112.7 million in 2022 (as of November 11, 2022) - (Graph 23).
Meanwhile, Bank Indonesia continues to expand the use of the LCS, including through the establishment of the National LCS Task Force in May 2022, as a form of synergy and national commitment to accelerate the use of the LCS. Furthermore, we also expanded the scope of LCS cooperation with Thailand by including  DNDF in the cooperation.