Bank Indonesia and the Monetary Authority of Singapore (MAS) announced a further extension of their bilateral financial arrangement to Nov 1, 2027, compared to one year previously.
The arrangement comprises two agreements. The first is a local currency bilateral swap agreement that allows the exchange of local currencies between both central banks of up to $9.5 billion or IDR100 trillion ($8.39 billion). The second is a bilateral repo agreement of US$3 billion ($3.95 billion) that allows for repurchase transactions between the two central banks to obtain US dollars (USD) in cash using G3 government bonds as collateral.
