, Singapore
Logo of MAS

MAS and Bank Indonesia extend bilateral financial arrangement until 2024

The agreement between both central banks was extended to 2 November 2024.

The Monetary Authority of Singapore (MAS) and the Bank Indonesia (BI) extended their bilateral financial agreement by one year to 2 November 2024.

The arrangement aims to strengthen the ongoing partnership in preserving monetary and fiscal stability in both markets amidst global macroeconomic shifts.

The deal between the two financial institutions are:

a. A local currency bilateral swap agreement that allows for the exchange of local currencies between the two central banks of up to $9.5b or IDR100t.

b. A bilateral repo agreement of US$3b that allows for repurchase transactions between the two central banks to obtain USD cash using G3 Government Bonds as collateral.

Approved by both Singapore Prime Minister Lee Hsien Loong and Indonesia President Joko Widodo, the agreement was established between MAS and BI during the 2018 Indonesia-Singapore Leaders’ Retreat and has been expanded yearly since.

Follow the link for more news on

Join Singapore Business Review 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!