Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) 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) A local currency bilateral swap agreement that allows for the exchange of local currencies between the two central banks of up to SGD 9.5 billion ($7.2 billion) or IDR 100 trillion ($6.3 billion).

b) A bilateral repo agreement of $3 billion that allows for repurchase transactions between the two central banks to obtain USD cash using G3 government bonds as collateral.

Re-disseminated by The Asian Banker