, APAC
101 views
Pressfoto via Freepik. Apart from cropping, no other edits were made.

Indonesia and Australia renew $6.2b bilateral currency swap agreement

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.

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

SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
Retail Banking
India’s credit card spend slumps 9% MoM to 7-month low
Whilst spending grew 12% YoY, the pace of growth has slowed compared to previous months.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.

Exclusives

Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
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.