02 month102025
Central banks of China and Indonesia renew bilateral currency swap agreement
The official website of the People's Bank of China, February 7 news, approved by The State Council of China, the People's Bank of China and the Bank of Indonesia recently renewed the bilateral currency swap agreement, the swap scale of 400 billion yuan /878 trillion Indonesian rupee.
The agreement is valid for five years and can be renewed by mutual consent.
The two sides renewed the bilateral currency swap agreement again, which is conducive to further deepening bilateral monetary and financial cooperation, promoting bilateral trade and investment facilitation, and maintaining financial market stability.