Bank Indonesia and the Reserve Bank of Australia have renewed and strengthened their Bilateral Currency Swap Arrangement for a further five years, extending the existing framework for the exchange of local currencies between the two central banks. The arrangement allows swaps of up to AUD10 billion (equivalent to USD6.2 billion) and the corresponding amount in IDR. The swap line was initially agreed in December 2015 and has been renewed since, with the renewal framed as supporting bilateral trade and investment, contributing to financial stability in both countries, and serving other mutually agreed purposes.
Reserve Bank of Australia 2025-03-04
Bank Indonesia and the Reserve Bank of Australia renew and strengthen their AUD10 billion bilateral currency swap arrangement for five years
Bank Indonesia and the Reserve Bank of Australia have renewed their Bilateral Currency Swap Arrangement for five years, allowing swaps of up to AUD10 billion (USD6.2 billion) and the corresponding amount in Indonesian Rupiah (IDR) to support bilateral trade, investment, and financial stability.