With the approval of the State Council, the People’s Bank of China (PBOC) and Bank Indonesia (BI) recently renewed the bilateral currency swap agreement. The size of the agreement is RMB400 billion (IDR878 trillion). The agreement is valid for five years and can be renewed upon mutual consent.
The renewal of the bilateral currency swap agreement between China and Indonesia again will help deepen monetary and financial cooperation between the two countries, facilitate bilateral trade and investment, and safeguard the stability of financial markets.
Date of last update
Nov. 29 2018
