With approval of China's State Council, the People's Bank of China and Bank Indonesia renewed their bilateral local currency swap agreement for CNY 400 billion (IDR 878 trillion) for five years, extendable by mutual consent, to deepen monetary and financial cooperation, support bilateral trade and investment, and help maintain financial market stability.
Central Bank of the Republic of China 2025-02-07
People's Bank of China renews five-year CNY 400 billion bilateral currency swap line with Bank Indonesia
The People's Bank of China and Bank Indonesia have renewed their bilateral local currency swap agreement for CNY 400 billion (IDR 878 trillion) for five years, with potential extension by mutual consent. This agreement aims to enhance monetary and financial cooperation, support bilateral trade and investment, and maintain financial market stability.