Indonesia and Singapore renew bilateral liquidity lines

MAS and Bank Indonesia also renew bilateral repo agreement

Bank Indonesia
Bank Indonesia
Christopher Jeffery

Bank Indonesia and the Monetary Authority of Singapore (MAS) have renewed their bilateral financial agreements for another year till November 2024, they announced on November 3.

The central banks renewed a swap line that allows local currency exchange of up to S$9.5 billion ($7 billion) or 100 trillion rupiah ($6.4 billion).

They also extended a bilateral repo agreement allowing them to obtain up to $3 billion using US treasuries, Japanese government bonds or German bunds as collateral.


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