© Reuters. Singapore, Indonesia extend $10 billion swap agreement
SINGAPORE (Reuters) – The central banks of Singapore and Indonesia have agreed to extend a $10 billion bilateral financial arrangement for one year to support monetary stability, Singapore Prime Minister Lee Hsien Loong said on Tuesday.
The deal, which includes a local currency bilateral swap agreement and a repo agreement, was signed last year.
“The renewal, on existing terms, will help support monetary and financial stability in our countries, and in the region,” Lee said at a press conference, following a meeting with Indonesian President Joko Widodo.
Singapore, Indonesia extend $10 billion swap agreement
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