The People's Bank of China and Bank Indonesia recently renewed the bilateral local currency swap agreement, with a swap size of 400 billion RMB / 878 trillion IDR. The agreement is valid for five years and can be extended upon mutual consent. The People's Bank of China stated that the renewal of the bilateral local currency swap agreement will help further deepen monetary and financial cooperation between the two countries, promote bilateral trade and investment facilitation, and maintain financial market stability.
China and Indonesia Renew 400 Billion Yuan Bilateral Local Currency Swap Agreement
www.indoent.com
2025-02-17
The People's Bank of China and Bank Indonesia recently renewed the bilateral local currency swap agreement, with a swap size of 400 billion RMB / 878 trillion IDR. The agreement is valid for five years and can be extended upon mutual consent. The People's Bank of China stated that the renewal of the bilateral local currency swap agreement will help further deepen monetary and financial cooperation between the two countries, promote bilateral trade and investment facilitation, and maintain financial market stability.
The People's Bank of China and Bank Indonesia recently renewed the bilateral local currency swap agreement, with a swap size of 400 billion RMB / 878 trillion IDR. The agreement is valid for five years and can be extended upon mutual consent. The People's Bank of China stated that the renewal of the bilateral local currency swap agreement will help further deepen monetary and financial cooperation between the two countries, promote bilateral trade and investment facilitation, and maintain financial market stability.
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