, Southeast Asia
From Bank Negara Malaysia's website.

Malaysia, Indonesia renew bilateral swap agreement.

The agreement has been extended for another 5 years.

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) renewed their local currency bilateral swap agreement in a bilateral meeting held at Jakarta, Indonesia on 27 September 2024.

BNM Governor Dato’ Seri Abdul Rasheed Ghaffour and BI Governor Perry Warjiyo inked the agreement, extending it for 5 years, with a value amounting to over $5.8b (MYR24b or IDR82t). 

The bilateral swap agreement was first inked in 2019 and was renewed in 2022.

Apart from the agreement renewal, BNM and BI officials discussed policies encompassing macroeconomic, monetary, and financial development, payment systems and digitalisation, and strategies for advancing Islamic finance during the bilateral meeting. 

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
Retail Banking
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.
ICBC’s risk diversification supports resilience amidst China’s slowdown
Capitalization should be sufficient despite ICBC not being included in the first round of the government’s capital injection.
Retail Banking

Exclusives

RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.