No. 26/243/DKom
Jakarta, 4 November 2024. Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today announced a further extension of their bilateral financial arrangement to 1 November 2027. The longer extension period of three years, compared to one year previously, reflects the good financial cooperation between the two central banks in preserving monetary and financial stability in both countries amid global macroeconomic uncertainties.
The bilateral financial arrangement comprises two agreements:
- A local currency bilateral swap agreement that allows for the exchange of local currencies between the two central banks of up to SGD9.5 billion or IDR100 trillion.
- A bilateral repo agreement of USD3 billion that allows for repurchase transactions between the two central banks to obtain USD cash using G3 Government Bonds[1] as collateral.
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For media queries, please contact:
Ramdan Denny Prakoso
Executive Director
Communication Department
Information about Bank Indonesia
Tel. 021-131, Email: bicara@bi.go.id
Davelle Sim
Assistant Director (Corporate Communications)
Tel: 65 6422 5564
Email:
Davelle_sim@mas.gov.sg
[1] US Treasuries, Japanese Government Bonds and German Bunds.
