Bank of Indonesia and the Reserve Bank of Australia have renewed and strengthened their Bilateral Currency Swap Arrangement for a further five years, keeping in place a facility for exchanging local currencies between the two central banks. The arrangement provides for swaps of up to AUD10 billion (USD6.2 billion) and the corresponding amount in IDR, and was signed by Governor Perry Warjiyo and Governor Michele Bullock. First agreed in December 2015 and renewed thereafter, the swap line is positioned to support bilateral trade and investment between Australia and Indonesia, contribute to financial stability in both countries, and be used for other mutually agreed purposes.
Bank of Indonesia 2025-03-04
Bank of Indonesia and Reserve Bank of Australia renew five year AUD10 billion bilateral currency swap arrangement
Bank of Indonesia and the Reserve Bank of Australia have renewed their Bilateral Currency Swap Arrangement for five years, allowing currency exchanges up to AUD10 billion (USD6.2 billion) and the equivalent in IDR. Signed by Governors Perry Warjiyo and Michele Bullock, the arrangement supports bilateral trade, investment, and financial stability.