MAS and Bank Indonesia extend currency agreement

Us dollars

The Monetary Authority of Singapore and Bank Indonesia have extended their mutual currency agreement for another year, both institutions announced.

The arrangement includes two agreements, the MAS said in a statement. The two central banks have an arrangement to carry out bilateral swaps in local currency, to a maximum of about $7 billion.

They also have a bilateral repo agreement worth approximately $3 billion. This allows the two central banks to carry out mutual repurchase transactions to

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