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Saturday 22 February 2020
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Singapore, Indonesia extend $10 billion swap agreement

Forex8 hours ago (Oct 08, 2019 07:56AM ET)

© 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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