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It will last for 5 years.
Indonesia and Australia have renewed and strengthened their bilateral currency swap agreement (BCSA) on 4 March 2025.
The BCSA enables the exchange of local currencies between the two central banks with a value of up to A$10b (equivalent to US$6.2b) and corresponding amount in Indonesian rupiah.
The renewed agreement will last for 5 years. The two countries signed their first BCSA in December 2015.
Bank Indonesia (BI) Governor Perry Warjiyo and the Reserve Bank of Australia’s (RBA) Governor Michele Bullock inked the agreement.
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