The Bangko Sentral ng Pilipinas (BSP) and Bank Indonesia (BI) signed a memorandum of understanding (MOU) to deepen the bilateral cooperation between the two central banks. The MOU was signed by BSP Governor Eli M. Remolona, Jr. and BI Governor Destry Damayanti on 13 November 2026.

The MOU builds on longstanding strategic engagement and productive partnership between the BSP and BI through bilateral cooperation and regional initiatives, while providing a comprehensive framework for enhanced collaboration across various areas of central banking.

These include monetary and macroprudential policy, financial stability, payment and settlement systems, digital financial innovation, and cybersecurity. It also includes sustainable finance, Islamic finance, financial inclusion, anti-money laundering and counter-terrorism financing. Also included are data and information utilization, human resource development, and other mutually agreed areas.

BSP Governor Remolona highlighted the importance of cooperation among central banks in an increasingly interconnected and rapidly evolving financial landscape. “This cooperation is especially important as central banks navigate growing uncertainty, rapid technological change, cybersecurity risks, and the continuing transformation of payment systems. By sharing our experience and working together, we can respond more effectively to these common challenges."

BI Governor Damayanti also underscored the value of maintaining the partnership through concrete collaboration. She stated, "This MOU reflects the commitment of both institutions to take concrete steps toward impactful collaborations in various areas of mutual interest, such as local currency transactions and cross-border payment."

The MOU establishes a framework for the BSP and BI to advance practical cooperation in key areas of central banking, strengthen institutional capabilities, and develop joint responses to shared challenges and emerging opportunities moving forward.

Jakarta, 13 November 2026

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